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Bank Indonesia Forbids Candy Currency

TEMPO.CO, Jakarta – Bank Indonesia never issue a permit to use candy as a means of transaction replacing rupiah. The use of candies instead of cash for a small exchange mostly found at modern retailers or groceries. Djoko Raharto, Head of Bank Indonesia representative office in Kediri stated that his office strictly bans the use of candy as a payment […]

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ADB upgrades Philippine growth outlook

MANILA, Philippines — The Asian Development Bank (ADB) has raised its growth forecast for the Philippines to 6.7 percent this year and 6.8 percent in 2018, citing strong household consumption, manageable inflation and infrastructure investment. In a supplement to the Asian Development Outlook (ADO) 2017, the multilateral development bank said this year’s growth outlook for […]

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Uncertainty mars investor confidence in Myanmar

INVESTOR confidence in Myanmar has drastically dropped this year due to the lack of clear economic policies and action plans as well as other drawbacks such as skills shortage and rising labour costs, according to the second Myanmar Business Survey conducted by Roland Berger, a global consultancy firm. Thomas Klotz, the firm’s managing partner for […]

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