MANILA, Philippines — The International Monetary Fund (IMF) said monetary and fiscal authorities should act swiftly to prevent the Philippine economy from overheating amid rapid growth and low inflation. “The combination of high credit growth, buoyant private investment, and fiscal expansion without tax reform could lead to overheating of the economy,” it said. Overheating occurs […]
Read MoreHANOI – A number of strategic documents that orient long-term co-operation within the Asia-Pacific Economic Co-operation (APEC) region over the coming decades will be presented to the bloc’s ministers and leaders this week, according to Chair of 2017 APEC Senior Officials’ Meeting (SOM) Bui Thanh Son. He told local and foreign media at a press […]
Read MoreThe Cambodian General Secretariat of National Council for Sustainable Development (NCSD) signed a memorandum of understanding (MoU) yesterday with the South Korea-based organisation ASEIC in an effort to promote sustainable industrial development in Cambodia. The MoU signing ceremony was held in Phnom Penh and inked between Tin Ponlok, secretary-general of NCSD, and Sejong Kim, vice […]
Read MoreDANANG — At the APEC Summit, the central city of Danang has called for investment in nine projects in tourism and entertainment worth an estimated US$500 million. It says it wants the development done as Public-Private Partnerships (PPP) and Build-Own-Operate (BOO) models. Deputy director of the city’s tourism department, Nguyen Xuan Binh told Vietnam News that the […]
Read MoreKUALA LUMPUR: RHB Research expects ringgit to recover gradually over time, as it has overshot on the downside from its fundamental value. The research house said ringgit strengthened by 0.1% to the RM4.227 per US dollar level in the first week of November, after depreciating by 0.1% in October. “This was mainly due to […]
Read MoreMANILA, Philippines — Share prices ended flat yesterday as investors decided to stay on the sidelines following reports that headline inflation accelerated to a three-year high of 3.5 percent in October. The benchmark Philippine Stock Exchange Index (PSEi) closed 0.01 percent, or 1.26 points, lower at 8,521.81, while the wider All Shares index fell 0.04 […]
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