MANILA, Philippines — The prevailing weakness of the peso versus the dollar should not be a cause for concern as the economy continues to benefit from it, Socioeconomic Planning Secretary Ernesto Pernia said. While a weaker exchange rate has been making imports more expensive, it is a potential boon to exports if outbound shipments of […]
Read MoreMANILA, Philippines — The Chamber of Mines of the Philippines (COMP) has warned that the delay in the resolution of important mining regulations is attracting high risk investors. “Given uncertainties in the mining sector, we may attract high risk investors who are willing to take shortcuts. And this is not good for us,” COMP executive […]
Read MoreThe Tourism Authority of Thailand (TAT) has outlined action plans to encourage travellers to continue to visit secondary provinces next year despite the lack of tax incentives. The government approved tax breaks this year for tourism spending in 55 secondary provinces for individual travellers who spend on accommodation, food and drinks, as well as corporations that […]
Read MoreSINGAPORE: Singapore will seek compensation for all costs incurred if Malaysia cancels a planned multibillion-dollar high-speed railway link between the two countries. Transport Minister Khaw Boon Wan told parliament yesterday that compensation would be sought under the terms of the 2016 high-speed rail bilateral agreement between Singapore and Malaysia. “We will deal with the question of […]
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