MANILA, Philippines — The series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to curb rising inflationary pressures is expected to continue until next year, global banks said over the weekend. The research arm of Fitch Ratings said tightening of monetary conditions in the country would continue with three more rate hikes […]
Read MoreHuman resource development, tourism, and agriculture have been approved as main sectors of cooperation among the countries in the Mekong Basin and India. This was the outcome of the 9th Mekong-Ganga Cooperation Ministerial Meeting held in Singapore on August 2, which was attended by Laos’ Minister of Foreign Affairs Mr Saleumxay Kommasith. At the meeting […]
Read MoreState-owned lender PT Bank Rakyat Indonesia (BRI) has launched a quick response (QR) code payment service called My QR. The service can be used by BRI customers and non-costumers, BRI customer director Handayani said over the weekend. Non-BRI customers can download the BRI mobile app and make a maximum deposit of Rp 2 million (US$138.5), while […]
Read MoreAS the global economy continues to recover, labour force is improving, albeit at a slower pace. Global unemployment in 2018 is projected around 5.5%, slightly better than 2017’s reading of 5.6% on the back of a better global GDP outlook, with an expected growth of around 3.6% in 2018 from 3.3% in 2017. Youth unemployment, […]
Read MoreAUTORITI Monetari Brunei Darussalam (AMBD) recently signed a Memorandum of Understanding (MoU) for the collection of credit information from companies under DST – Integrated Communications Sdn Bhd, DST Technical Services Sdn Bhd, Kristal Astro Sdn Bhd, and Kristal Media Sdn Bhd. Signing on behalf of AMBD was its Acting Deputy Managing Director (Regulatory and Supervision) Hajah […]
Read MoreLao P.D.R. has long been a high-potential destination for companies from Thailand–the second largest foreign investor in Laos behind China. In the past, companies sometimes faced issues over the uncertain legal framework for resolving labour disputes in Laos. Therefore, the Lao government recently issued the Decree on Labour Dispute Resolution No. 76/GOL (the “Decree”), which precisely […]
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