MANILA, Philippines — The monetary tightening cycle of the Bangko Sentral ng Pilipinas (BSP) to check rising inflation may take its toll on the country’s economic growth until next year, according to S&P Global Ratings. In a report, S&P said the BSP decision to raise interest rates by 175 basis points in five consecutive rate-setting […]
Read MoreAs part of the key strategy to expand businesses within AEC+3, KBank is now ready to tap into Lao PDR through numerous services and local partnership arrangements, the company said in a press release issued on Friday. For 2019, targets have been set to bolster loans to Bt3 billion, deposits to Bt2 billion and trade […]
Read MoreIndonesia has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, and a final agreement is due to be signed in December, Indonesia’s trade minister said. Negotiations on the Comprehensive Indonesia-European Free Trade Association Comprehensive Economic Partnership Agreement (IE-CEPA) between Indonesia and EFTA members — […]
Read MoreMANILA, Philippines — The Department of Energy (DOE) is implementing the rules for the Philippine natural gas supply as the country aims to become a liquefied natural gas (LNG) hub in the region. The agency is seeking comments from industry stakeholders on its draft circular titled “Implementing the Natural Gas Quality Standard for All Natural Gas Supply in the […]
Read MoreA COALITION of major tech companies have pledged to develop digital skills for the Asean workforce. The pledge, part of the World Economic Forum’s (WEF) Digital Asean initiative, aims to train 20 million people in South-East Asia by 2020, especially those working in small- and medium-size enterprises. Other goals include raising US$2mil in contributions to provide scholarships for Asean technology students, […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth could accelerate beyond 2020 if commodity prices were to pick up on the back of a recovery in global economic growth. Moody’s Analytics chief Asia-Pacific economist Steven G. Cochrane said Malaysia’s economic growth would likely slow down in the next two years as weak global economic outlook could weigh on […]
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