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Philippines: No ‘one-for-one’ policy rate hikes

“One-for-one” interest rate hikes shouldn’t be expected if the US Federal Reserve decides to accelerate its policy tightening, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Monday. Noting that “people seem to want us to follow,” central bank Governor Nestor Espenilla Jr. told reporters that the current Fed policy stance was “much […]

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Cambodia: Government lays out plan for non-tax revenue

The Ministry of Economy and Finance held a workshop yesterday to finalise a draft on a sub-decree managing non-tax revenue sources, part of the government’s attempt to improve its revenue collection. About 300 officials from relevant ministries attended the workshop, which was headed up by Net Mony, director-general of the General Department of State Assets […]

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Indonesia: Energy Ministry Revokes Mining Permits Regulation

TEMPO.CO, Jakarta – The Ministry of Energy and Mineral Resources (ESDM) has revoked the regulation on controlling troubled mining permits. According to the government, it is irrelevant because the permits regulation has been completed. It is on the Regulation of Minister of Energy and Mineral Resources No. 43/2015 about the evaluation of mineral and coal mining business […]

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Indonesia: Boost Investment, Sri Mulyani Focuses on Regulation and Incentive

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani said the investment will be encouraged by simplifying regulations and providing incentives. It is expected to boost investment contribution towards economic growth. Sri Mulyani said it will be done by reducing the various rules that hinder. She also stated the government also needs to create a shorter and easier investment process. Related […]

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