MANILA, Philippines — Higher interest rates may address the monster inflation in the country but may soon constrict Philippine companies’ capacity to expand as borrowing costs rise, according to industry players. “Companies will further be saddled by the additional burden of borrowing and overhead costs. It’s a major domino effect. Almost all segments will be […]
Read MoreThe government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia (PTFI) as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete. The temporary special mining permit (IUPK) is being issued by the government as the previous temporary […]
Read MoreAs the National League for Democracy-led government is half-way through its five-year term, the empty hotel rooms, plight of small businesses and falling investor confidence paint a bleak economic picture. In another 2.5 years’ time, many voters will be asking what the first NLD-led administration has delivered. The current numbers are hardly encouraging. Between April and […]
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