MANILA, Philippines — The proposed suspension of the next increase in fuel excise taxes is expected to cut inflation by 0.2 percentage point in 2019 if implemented for the entire year, according to the Bangko Sentral ng Pilipinas. During a joint hearing conducted by the Senate economic affairs and ways and means committees, BSP Assistant […]
Read MorePETALING JAYA: Malaysia’s fiscal deficit could increase to 3.7%-4.6% of gross domestic product (GDP) under Budget 2019, which is the inaugural budget for the Pakatan Harapan-led government to be tabled in Parliament on Nov 2, according to AmBank Research. Noting the spike to be a “one-off” scenario, the brokerage said the fiscal deficit is expected to […]
Read MoreBank Indonesia has said that two digital payment platforms from China, WeChat Pay and Alipay, have started down the path toward operating locally, eyeing transactions from the growing number of Chinese tourists to Indonesia. BI deputy governor Sugeng said on Tuesday in Jakarta that WeChat Pay and Alipay representatives had met with state-owned lender PT Bank Negara Indonesia (BNI) on establishing a possible […]
Read MoreMANILA, Philippines — The Philippines will need to “heavily” depend on heightened state spending to fuel economic growth, as household consumption will likely remain in retreat due to rising prices of goods and higher borrowing costs, a global bank said. Data from the Bureau of the Treasury showed disbursements jumped 26 percent year-on-year to P298.6 […]
Read MoreHonor, a Chinese smartphone brand, is increasing investment in the Thai market by 50% to become a top-four player by 2021. Thailand is projected to become a top 10 market for Honor by 2020, with the top 10 contributing half of total revenue outside of China for the company. “Since Honor started selling smartphones in […]
Read MorePHNOM PENH: Cambodia’s garment exports grew by 10.73% in the first half of 2018 and are projected to remain strong despite a European Union threat to withdraw duty-free trading access, official data showed on Wednesday. Cambodia exported $3.2 billion worth of garments in the first half of this year, compared to $2.9 billion for the same […]
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