MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) reiterated it is not expected to move in synch with the tightening moves of some central banks in advanced economies. BSP Governor Nestor Espenilla Jr. said monetary authorities are focused on promoting price and financial stability conducive to a balanced and sustainable economic growth. “Our monetary […]
Read MoreMANILA, Philippines — The Philippines will continue to lag behind Asian neighbors in socio-economic development unless government takes proactive reforms to address the country’s high power cost – considered the most expensive in the world, according to Meralco PowerGen Corp. (MGen) senior vice president for commercial and planning Chrysogonus Herrera. “We are at the bottom […]
Read MoreMore joint ventures deals are expected between Thai medium-sized enterprises and local operators amid high growth potential of emerging economies, according to a high-ranking Bangkok Bank executive. Mr Virasak says the partnership model is key to diversifying risks. Some of the bank’s medium-sized customers are expanding beyond their home turf into Asean region, particularly Cambodia, […]
Read MoreJAKARTA: Indonesia’s economy expanded at a slower pace in the third quarter than economists expected, a disappointing outcome for the government as it struggles to boost growth in Southeast Asia’s largest economy. Key Points Gross domestic product rose 5.06% from a year earlier, according to data released by the statistics bureau in Jakarta on Monday […]
Read MoreHigh costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]
Read MoreAS Dow Water & Process Solutions brings its international water treatment solutions to Myanmar, the firm plans to leverage its experience working with partners in Thailand over many years and apply it in the neighbouring country. Alan Chan, the firm’s commercial director for Asia Pacific, said in an interview that their experience in Thailand could […]
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