MANILA: The Philippine central bank left its benchmark interest rate unchanged at 3.0% on Thursday, as expected. All 13 economists polled by Reuters had forecast no policy change at Thursday’s policy review. Policymakers have not touched monetary levers in three years because inflation has remained moderate even as the economy has continued to gallop ahead […]
Read MorePhilippine shares rose to a record high on Thursday while other Southeast Asian stock markets slipped, in line with broader Asia, after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%. The […]
Read MoreMANILA, Philippines — RAM Rating Services Berhad of Malaysia expects a 6.7 percent economic growth for the Philippines this year. The economic growth forecast of the Kuala Lumpur-based debt watcher is lower than the 6.9 percent expansion registered last year but well within the 6.5 to 7.5 percent target set by the Cabinet-level Development Budget […]
Read MoreThe Indonesian government has agreed to lower the tariff on Australian raw sugar to 5 percent from 8 to 13 percent when the Industry Ministry issues a related regulation in the next two weeks. Trade Minister Enggartiasto Lukita said there would not be an increase in the raw sugar import quota this year but the policy would […]
Read MoreTEMPO.CO, Jakarta – The government is urged to stop the construction of waste-to-energy plants (PLTSa). The Indonesia Center for Environmental Law has called for Energy and Mineral Resources Ministry to review waste to energy projects in seven cities across the country. It reasoned that the Supreme Court (MA) has ruled that waste incineration is against the laws. […]
Read MoreSINGAPORE – The ongoing implementation of cashless payment systems across Singapore could lift local bank profits by up to 9 per cent over the next two years, according to Maybank Kim Eng Research. Its analyst Ng Li Hiang said in a research report on Tuesday (Sept 19) that the higher adoption of cashless payments would […]
Read More
Thailand
