The Philippine central bank hiked its key interest rates by a decade-high 50 basis points on Thursday as it moved to curb inflation, while downplaying the impact its action would have on slowing economic growth. The monetary authority acted hours after the government announced a 6.0 per cent growth in the second quarter, a sharp […]
Read MoreEnergy policymakers are maintaining the cap on cooking gas prices at 13.08 baht per kilogramme, equal to 363 baht per 15kg cylinder, until the end of the year. Thursday’s meeting of the Energy Policy Administration Committee (Epac) approved the resolution despite Saudi Arabia’s reference price rising by 4.5% to US$587 a tonne in August from $562.50 […]
Read MoreKUALA LUMPUR: Malaysia’s Industrial Production Index for June 2018 increased marginally by 1.1% as compared with the same month of the previous year. The growth of IPI in June 2018 was supported by an increase in the Manufacturing index (4.5%) and Electricity index (3.0%). The mining index, meanwhile, posted a decrease of 9.4% from a […]
Read MoreMANILA, Philippines — An aggressive monetary policy could prevent second-round effects of rising inflation, but would have little impact on nipping the source of domestic inflationary pressure, the National Economic and Development Authority (NEDA) said yesterday. Socioeconomic Planning Secretary and NEDA Ernesto Pernia said rising inflation is primarily caused by issues in the supply side […]
Read MorePTT Global Chemical Plc (PTTGC) is studying a greenfield project that will serve strong demand for petrochemical products in Asean countries. The company says demand is particularly strong in Vietnam, with broader Asean demand for plastic pellets showing a sustained increase. It plans to set up sales offices in Indonesia and Myanmar in order to […]
Read MoreA REVISED DOUBLE taxation agreement (Revised DTA) between Thailand and the Philippines will replace the existing 1983 treaty and will become effective on January 1, 2019. The major portions of the 1983 tax treaty were revised in order to make the treaty more relevant to the current tax laws and environment and in order to […]
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