MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to gradually reduce banks’ required reserves in tandem with capital market reforms. BSP Governor Nestor Espenilla Jr. said on the sidelines of the 43rd Philippine Business Conference and Expo yesterday that the central bank is set to reduce the reserve requirement ratio (RRR), currently […]
Read MoreHANOI — The digital aspect of the global economy is among the leading drivers of growth and development, and the foundation for increased industrial productivity, as well as creating opportunities for businesses, stated Deputy Prime Minister Vu Duc Dam at the 2017 Vietnam Information and Communications Technology (ICT) Investment Forum (VIF) held yesterday in Hanoi. The Deputy PM said that […]
Read MoreInterest rates for microfinance loans issued in Cambodian riel have decreased to the same level as those given in US dollar, a change industry insiders claim is an upside for circulation of the local currency that is being driven in part by the 18 percent interest rate cap imposed by the central bank in April. […]
Read More(KPL) Around 100 companies from ASEAN Member States are expected to showcase their food and beverage products at the ASEAN Trade Fair 2017 to be held in Seoul, R. Korea on Oct 25-28. The fair will be organised by the ASEAN-Korea Centre at COEX under the theme “Taste the Happiness”, according to a source from […]
Read More(KPL) Representatives of ASEAN member countries of Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) and Japan met in Vientiane Capital to discuss the promotion of the export of made-in-Laos agricultural products. “The majority, approximately 70%, of Lao people are engaged in agricultural production, so the agricultural development is very important to all people,” Vice Minister […]
Read MoreMANILA, Philippines — European investors in the Philippines said there is no reason for them to pack up and leave amid President Duterte’s continued tirades directed against the European Union (EU). “We are business as usual. Nothing has changed and we intend to keep it that way. We all have rocky roads sometimes. We have ups and […]
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