MANILA, Philippines – Prospects for the Philippines continue to remain bright given its sound economic fundamentals, but further improvement on its domestic policies would be critical to take its economy a notch higher, global research and consultancy firm Oxford Business Group (OBG) said. OBG launched yesterday its latest publication entitled “The Report: The Philippines 2017” […]
Read MoreHA NOI – Consumer lending by end May rose 29.7 per cent against the end of 2016, the National Financial Supervisory Commission (NFSC) has said. Of the total consumer loans, home renovation loans and home purchase loans accounted for 52.8 per cent, compared with 49 per cent in the end of 2016. As per the […]
Read MoreMANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP). “The sustained FDI inflows reflect […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit, while expectations of rising output and weaker export growth also weighed on the market. The ringgit, palm oil’s currency of trade, gained 0.1 percent to 4.2610 per dollar around on Tuesday evening. It earlier reached […]
Read MoreThe Central Bank of Myanmar will soon penalise people who are using dollars to pay for local business transactions, U Win Thaw, director general of the Foreign Exchange Management Department told The Myanmar Times. The central bank has issued two directives – in May 2015 and in the late 2016 – that all local payments must be paid […]
Read MoreAccording to MPRL E&P, Pyi Thit Well 1 in offshore Block A-6 was spudded to appraise gas reserves and prospects. The British Virgin Island-registered MPRL E&P signed a production sharing contract (PSC) with Myanma Oil and Gas Enterprise (MOGE) in January 2017 for oil and gas exploration in Block A-6. The company has been drilling in Pyi Thit’s exploratory wells since March 2012 and […]
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