MANILA, Philippines — The Philippines is reviving its plan to join the Trans-Pacific Partnership (TPP) even as the mega-trade deal pushes through without the US, the Department of Trade and Industry said. The country recently conveyed its intention to join the TPP to Japan, one of the stronger economies part of the now 11-country pact, […]
Read MoreKUALA LUMPUR: The ringgit was lower against the US dollar early Thursday as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting on Wednesday. At 9am(0100gmt), the local unit was quoted at 4.1965/2005 against the US dollar from 4.1860/1890 Wednesday. Oanda Head of Trading Asia-Pacific, Stephen […]
Read MoreThe government has intensified efforts to improve the business climate in an attempt to promote greater investment and drive growth in the domestic economy. The recently established Central Investment Promotion and Management Committee has been holding regular meetings to discuss issues to better facilitate investment, Deputy Minister of Planning and Investment Dr Kikeo Chanthabouly told […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to leave benchmark rates unchanged but vowed to keep a watchful eye on inflation. BSP Governor Nestor Espenilla Jr. said in a press conference the Monetary Board kept the interest rate on the central bank’s overnight reverse repurchase facility at three percent as well […]
Read MoreContinued bullish exports in August helped cumulative exports for the year rise more than 8%, making it likely shipments will exceed the government’s 7% growth target, says Commerce Minister Apiradi Tantraporn. Despite the stronger baht, exports grew at a double-digit pace for the fourth straight month in August, up 13.2% to US$21.2 billion (702.5 billion […]
Read MoreAsia will be home to 60% of world’s over-65s by 2030, creating growth opportunities for business, says Deloitte, the global consultancy. The over-65 demographic in Asia will grow from 365 million in 2017 to more than 520 million in 2027, according to Deloitte’s Voice of Asia report released this week. While this creates emerging challenges […]
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