The number of borrowers from microfinance institutions (MFIs) decreased by 5 percent during the third quarter of this year compared to the same period last year, a trend that industry insiders claim is due to operators attempting to strengthen the quality of their loans and to the impact of the 18 percent interest rate cap. […]
Read MoreThe government will strive to collect taxes owed by businesses after they failed to pay them during the first six months of this year, according to a government report. Revenue shortfall has mostly been reported in connection with taxation, State property and various funds, as well as tax obligations by business units. The government’s monthly […]
Read MoreMANILA, Philippines — Remittances from Filipinos abroad declined to a five-month low in September due to the repatriation of undocumented Filipino workers in Saudi Arabia as well as the decision of global correspondent banks to shut down more money service facilities. The Bangko Sentral ng Pilipinas (BSP) reported yesterday personal remittances contracted seven percent to […]
Read MoreTEMPO.CO, Jakarta – The Pacific Alliance, a regional integration of four countries, Chile, Colombia, Mexico and Peru, will hold the first trade and investment seminar in Indonesia in cooperation with the Indonesian Chamber of Commerce (Kadin) on November 21 in Jakarta. The Ambassador of Colombia to Indonesia, Jose Renato Salazar, said the union represents 41 percent of […]
Read MorePETALING JAYA: The ringgit climbed to one-year high, buoyed by the higher price of crude oil and rising prospect of an interest rate hike happening next year. The ringgit was traded at 4.1757 yesterday against the US dollar. The sustained interest in crude oil prices on the international markets has seen traders anticipate that the […]
Read MoreFACTORIES in nine sectors including food and beverage, textile and distilleries are required to submit environmental management plans within a year, said an official who cited a decision from a national committee. Daw Khin Thida Tin, director of the environmental conservation department under the Ministry of Natural Resources and Environmental Conservation, said this month that […]
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Thailand
