WASHINGTON – The Philippine economy is capable of growing by around seven percent over the next two years on the back of robust domestic demand as well as a strong recovery in exports, according to the International Monetary Fund (IMF). “Economic growth is expected to remain robust at around seven percent this year and next […]
Read MoreTEMPO.CO, Jakarta – State-owned Enterprises (SOE) Minister Rini Soemarno set a target of the total assets of SOEs in 2017 to reach Rp 7,200 trillion, higher than those of 2016 as much as Rp 6,300 trillion. “In 2017, the value of assets has to reach Rp 7,200 trillion and the profit increases from Rp 163 trillion in 2016 to Rp 205 trillion,” Rini said wile attending the 28th anniversary of BUMN in Yogyakarta on Friday (21/4). Rini believed that the Rp […]
Read MoreMANILA, Philippines – The construction industry is expected to continue playing an important part in the Philippines’ projected economic growth, especially as the country embarks on the “golden age” of infrastructure. Construction Industry Authority of the Philippines (CIAP) undersecretary Ruth Castelo said the industry is seen growing its share of total employment in the country. […]
Read MoreThe Finance Ministry will sell 15 billion baht worth of savings bonds with coupon rates up to 3% next month. The minimum purchase is 1,000 baht with no limit on the maximum, said Suwit Rojanavanich, director of the Public Debt Management Office. The issuance, the second in the current 2017 fiscal year, offers longer maturities […]
Read MoreTEMPO.CO, Jakarta – Indonesia and Malaysia, the world largest Crude palm oil (CPO) producers hope they will eventually be able to set the worlds reference price for the commodity in future. “Indonesia and Malaysia are expected to increase collaboration to set the global price and marketing. The most important thing is the price of CPO,” Malaysias […]
Read MoreWORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich Zachan, country director for the World Bank, signed the […]
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