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ADB loan to support Philippines financial reforms

The Duterte government’s “Build Build Build” initiative has been given a boost via the Asian Development Bank’s (ADB) approval of a $300-million loan and another $500,000 in technical assistance for capital market development. “The package is part of ADB’s comprehensive effort to help the government finance, implement, and manage sophisticated public works projects and strengthen […]

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Thai salaries set to rise 5-6% annually in short term

Willis Towers Watson, a global advisory firm, has forecast salaries in Thailand to rise by 5-6% annually in the short term, saying the country’s economy and inflation are stable. However, there are no major positive factors to support sharp pay increases at the moment. The survey projects overall salaries in Thailand to increase by 5.5% […]

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Indonesia – Breaking News: Lombok Airport Closed Again, 47 Flights Canceled

TEMPO.CO, Jakarta – As expected before, flights in and out Lombok Airport was canceled yesterday. Air Transport Directorate-General issued a Notice to Airman (NOTAM) to close the airport operations due to Mount Agung volcanic ash in Bali from 7:50 pm yesterday until 6 am this morning. Lombok International Airport (LIA) was closed following a coordinated meeting with airport authorities, […]

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