THAILAND’S Energy Minister Siri Jirapongphan has asked the Department of Alternative Energy Development and Efficiency (DEDE) to conduct a study to revise the target for energy use under Asean Ministers on Energy Meetings (AMEM) after Asean countries reached the exisiting target sooner than planned in 2021. Siri said that a committee will study the new […]
Read MoreMANILA, Philippines — The Philippines is expected to win a larger share of China’s overseas investments, reaching an estimated $120 billion with the signing of an agreement that would pave the way for the direct conversion of the respective currencies of the two countries under a so-called Philippine Renminbi Trading Community (PRTC) and peso-renminbi spot market, according […]
Read MoreA representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only being promoted in cross-border dealings. The explanation was given yesterday by NBC director Chea Serey and follows reports in local media that the Central Bank was encouraging the use of the […]
Read MoreThe Investment Coordinating Board (BKPM) has recorded Rp 173.8 trillion (US$11.4 billion) in investment in the third quarter, 1.4 percent lower than investment in the second quarter. Investment has continued to decline, as the figures represented a 4.9 percent quarter-to-quarter decline in the second quarter, which was recorded at Rp 176.3 trillion. BKPM head Thomas Lembong attributed […]
Read MoreKUALA LUMPUR: It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue, as its implementation will further dampen the property market, a real estate industry association said. The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector […]
Read MoreMANILA, Philippines — Fare hikes for buses and jeepneys that will take effect in November may compel the Bangko Sentral ng Pilipinas (BSP) to raise policy rates by a maximum of 25 basis points (bps) before the end of the year to stave off inflationary pressures, according to First Metro Investment Corp. (FMIC). In the […]
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