NATIONAL government debt rose 7.8 percent year-on-year to P6.34 trillion in May, but fell from April after the government redeemed some of its securities and a stronger peso cut the value of the try’s dollar bonds, the Bureau of the Treasury (BTr) said on Monday. The Treasury did not offer any explanation for the year-on-year […]
Read MoreTEMPO.CO, Jakarta – Nurhaida, the Financial Services Authority’s director for market supervision, asks 7-Eleven’s holding company Modern Internasional’s (IDX: MDRN) to provide transparent public disclosure following the closing of all 7-Eleven stores in June. Nurhaida said the 7-Eleven’s closing has become a public discourse. “Because their parent company is an open company, then in accordance to provisions, there must […]
Read MoreSINGAPORE – The rallying manufacturing sector became the strongest driver of economic growth in the first half of this year but the outlook for the next six months looks less certain. Manufacturing, which makes up a fifth of the economy, expanded for the 10th straight month in May on the back of a global export […]
Read MoreTEMPO.CO, Jakarta – The government will issue a presidential regulation (Perpres) on retailers and minimarket businesses in Indonesia. Coordinating Minister for the Economy Darmin Nasution said the rule will be followed by a Trade Ministers Regulation. Darmin said in Jakarta on Monday that his ministry has finished discussing the bill. He asserted that the regulation is not aimed at […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government has agreed to extend Freeport Indonesia’s permit to operate its business parallel to building a smelter. The agreement was reached in a meeting at the Finance Ministry on Tuesday, July 4. According to the deputy of mining, strategic industries, and media at the State Owned Entreprises (SOE) Ministry, Fajar Harry Sampurno, the meeting […]
Read MoreHANOI — Vietnam was recently listed among the world’s 20 fastest growing travel destinations by the United Nations World Tourism Organisation. The Southeast Asian country ranked seventh with a growth rate of 24.6 per cent based on the number of foreign tourist arrivals in 2016. West African nation Sierra Leone topped the list, seeing a […]
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