[SINGAPORE] General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International – which oversees markets such as India, Southeast Asia, and South Korea, among others – will reduce its staff to about 50 from 180 by the year […]
Read MoreSINGAPORE’S economic growth this year is likely to be better than last year’s 2 per cent, even as the city-state’s Ministry of Trade and Industry (MTI) keeps its earlier forecast range of 1 to 3 per cent for 2017. This comes as the economy saw a slower, but “resilient” pace of growth in the first […]
Read MoreMANILA, Philippines – Carbonated drinks, energy drinks, sweetened tea and coffee, fruit drinks and other similar products are expected to see minimal to substantial price increases should the proposed excise tax adjustments on sugar-sweetened beverages be pushed by the Congress, data from the Department of Finance (DOF) showed. According to a price survey conducted by […]
Read MoreMANILA, Philippines – GIC Private Ltd. of Singapore now has a direct stake in Ayala-led Bank of the Philippine Islands (BPI) more than three years after it acquired a stake in the country’s third largest lender. Liontide Holdings Inc., formerly Ayala DBS Holdings Inc., transferred 46.63 million shares worth P4.56 billion last May 11 through […]
Read MoreMANILA, Philippines – Potential US trade sanctions on major Asian economies are seen to significantly benefit the trade and investment relationship of the Philippines with the world’s largest economy, a trade official said. China, India, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand and Vietnam have earlier been identified as US trade partners which had significant […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia expressed optimism that the Indonesia’s economic growthwould stand above 7 percent this year after the country faced global uncertainty due to the US monetary policy and plummeting commodity prices last year. “To ensure the prosperity of Indonesian people, 5 percent [economic growth] wouldn’t be enough. [The economy] needs to grow […]
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Thailand
