MANILA, Philippines – The economy stands to gain more from a depreciating peso, the Department of Finance (DOF) said. In an interview, Finance Secretary Carlos Dominguez said the Philippines is a net gainer from peso depreciation as the rise in revenue outpaces the increase in disbursements for every peso shed by the local currency against […]
Read MoreA new wave of retail investment is taking over the Eastern Seaboard with local and Bangkok operators jumping on the bandwagon of the government’s Eastern Economic Corridor (EEC) initiative. The EEC, spanning a combined 30,000 rai in Chon Buri, Rayong and Chachoengsao, is intended as a special zone for investment in 10 targeted industries promoted […]
Read MoreSINGAPORE – Private home prices in Singapore declined 0.3 per cent in the second quarter of 2017, easing slightly from the 0.4 per cent drop in the first quarter, according to flash figures released on Monday (July 3) by the Urban Redevelopment Authority (URA). This means that overall private housing prices have fallen for 15 […]
Read MoreAIRBNB threatens the hospitality industry without owning a single hotel; Uber disrupts the taxi industry without owning a car. In Myanmar, Kargo, a logistics start-up, aims to shake up the highly-fragmented logistics industry without owning a single truck. In an interview, George Oliver, the start-up’s chief business officer and Jamie Robinson, the chief financial officer, told The Myanmar Times how they seek […]
Read MoreTEMPO.CO, Jakarta – The rupiah was trading stronger by 42 bps to Rp13,306 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas analyst Reza Priyambada today said that appreciation in global crude prices has allowed the rupiah to move to a positive area. “Appreciation in global crude prices has boost commodity prices, such condition has […]
Read MoreMANILA, Philippines – The World Bank downgraded its economic growth forecast for the Philippines this year to 6.8 percent, but retained its growth projection of 6.9 percent for 2018. The revised 2017 projection considers recent economic trends and compares with the 6.9 percent growth forecast in April, the multilateral lending institution said. “Reflecting slower public […]
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Thailand
