MANILA, Philippines — The Philippine economy is expected to grow faster in 2018 due to the implementation of the tax reform law, which will pave the way for the rollout of infrastructure projects and translate to higher consumer spending, according to the Department of Finance (DOF). In a statement, Finance Secretary Carlos Dominguez said the […]
Read MoreBusiness executives and government agency leaders don’t feel ready for the coming fourth industrial revolution (Industry 4.0), says global accounting and consulting firm Deloitte. Industry 4.0 is characterised by the integration of physical and digital technologies, like analytics, artificial intelligence, cognitive computing and the Internet of Things. Leaders are not confident their organisations are ready […]
Read MoreBank Indonesia Governor Agus Martwardojo has said the central bank will punish payment service providers found using Bitcoin as their payment instrument. “Warnings will be issued first, then permits will be revoked,” Agus said as reported by kompas.com in Jakarta on Tuesday. He explained that under Law No 7/2011 on currency, the rupiah was the only official […]
Read MoreKUALA LUMPUR, Jan 24: Bank Negara Malaysia (BNM) may raise its overnight policy rate (OPR) by 25 basis points (bps) to 3.25 per cent on Thursday, in a move to anchor inflation expectations, said Bloomberg economist, Tamara Mast Henderson. In a statement, she said Bloomberg Economics’ view was in line with the median forecast in a […]
Read MoreTOKYO, Jan 24: Top negotiators from the 11 Trans-Pacific Partnership member economies have agreed to sign a free trade deal dubbed TPP 11 without the United States in the Chilean capital of Santiago on March 8, Japan’s Jiji Press reported. The agreement to hold the signing ceremony came during their two-day talks that ended in Tokyo […]
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