MANILA, Philippines — Two European banks expect a 6.7 percent economic growth for the Philippines this year, fuelled largely by the ambitious infrastructure program of the government. In a press briefing, Standard Chartered Bank economist for Asia Chidu Narayanan said the Philippine economy may expand by 6.7 percent this year. Narayanan said the Philippines’ trade […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures over 1 percent in their second half of trading on, charting a third consecutive session of gains, asbullish sentiment on declining production lifted the market. The benchmark palm oil contract for April deliveryon the Bursa Malaysia Derivatives Exchange rose 1.1 percent to2,521 ringgit ($644.59) a tonne at the end of […]
Read MoreTHE Singapore dollar hit a three-year high against the US dollar as equity markets fell and gold rose after US Treasury Secretary Steven Mnuchin said that a weaker greenback would be positive for the US economy. The US dollar traded at S$1.305, down S$0.0067, as at 1.01pm. It last traded at S$1.305 on Dec 17, […]
Read MoreThe two-month pilot program for Sustainability Map, a new software tool intended to help business owners monitor their suppliers and track sustainability, has proved successful, according to panelists at the program’s launch event yesterday. The Sustainability Map is a highly detailed interactive site that can be used by private companies to tailor their sustainability analytics, […]
Read MoreThe Central Bank of Myanmar (CBM) should reduce current bank interest rates to boost business in view of slowing economic growth and a widening budget deficit, Daw Thet Thet Khaing, MP for Dagon constituency said in Parliament on Wednesday. If the CBM reduces the current deposit rate from 8 percent to 7 pc and current […]
Read MoreMajor Asean tourism associations have called for new strategies and greater cooperation to strengthen the industry. The Federation of Asean Travel Associations (Fata) is calling on the EU to offer visa-free travel to Asean citizens, reciprocating the courtesy Europeans receive from Asean countries. The Asean Tourism Association (Aseanta) has further urged tourism stakeholders to work […]
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