MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has given assurance that the country’s economic growth remains solid enough to absorb higher interest rates, if warranted, as inflation is seen peaking in the third quarter due to transitory effects of the tax reform law. BSP Governor Nestor Espenilla Jr. told members of the Money […]
Read MoreThe government is considering increasing taxes on used car imports, and encouraging auto companies to set up assembly plants in Cambodia. Kun Nhem, director-general of the General Department of Customs and Excise (GDCE), said at the Auto Show 2018 on Friday that higher taxes on used car imports would encourage more people to consider a […]
Read MoreRHETORICS are translating into action, as trade spat continues to brew rapidly between the world’s two largest economic juggernauts, the United States and China. The US President Donald Trump’s move to impose sweeping tariffs on US$50bil worth of imports from China has raised concerns on the potential domino effect on other countries. Malaysia, known as […]
Read MoreSINGAPORE – Singapore’s factory output continued its winning streak in February, beating lower forecasts from economists concerned about the Chinese New Year effect. The Economic Development Board on Monday (March 26) reported that industrial production grew 8.9 per cent in February compared to a year ago, more than double the 4.2 per cent expected by […]
Read MoreThailand and Myanmar are expected by the end of this month to sign a memorandum of understanding for the Initial Implementation of a Cross-border Transport Agreement (IICBTA) to facilitate crucial improvements in logistics within the Greater Mekong Subregion (GMS). Within four months after the signing, 100 trucks each side would be allowed to cross the […]
Read MoreMANILA, Philippines — Basic Energy Corp. (BEC) has firmed up its entry into renewables with equity investments in the engineering, procurement, and construction (EPC) contractors for the 220-megawatt (MW) Myanmar solar power project. In a disclosure to the Philippine Stock Exchange, BEC said its board confirmed the company’s 15 percent stake in Vintage EPC Co. […]
Read More
Thailand
