MANILA, Philippines — The Philippines has successfully purchased a parametric insurance policy from the international reinsurance market which will provide a maximum coverage of P20.49 billion to protect the government’s assets against the impact of natural disasters, according to the Department of Finance (DOF). In a report to Finance Secretary Carlos Dominguez, National Treasurer Rosalia […]
Read MoreThe Cambodia Security Exchange (CSX) held a workshop on Tuesday seeking to attract more financial institutions into the country’s burgeoning stock market. To attract the interest of financial institutions, the CSX held a workshop named Business Expansion Through the Security Market to raise their awareness of opportunities for growth on Cambodia’s stock exchange. The event […]
Read MoreTHE trade war between China and the US is eroding confidence in the outlook for Thai exports, even as other segments of the economy are picking up, a gauge of business sentiment shows. Overall, the Business Confidence Index (BCI) for last month, produced by the Federation of Thai Industries (FTI), edged up to 93.9 points […]
Read MoreThe Hanoitimes – South Korea is Vietnam’s second largest foreign investor with total registered capital of US$6.8 billion in the first 11 months this year, up 22.3% year-on-year. Bilateral trade between Vietnam and South Korea reached US$62.6 billion in the first 11 months of 2018, making Vietnam the fourth largest trading partner of the Northeast Asian […]
Read MoreThe Bank of Thailand joined a global trend on Wednesday by raising the policy interest rate for the first time since 2011, by 25 basis points, aiming to stabilise the economy and build up policy space amid growing uncertainty. The Monetary Policy Committee (MPC) will prioritise data in determining the policy rate at each meeting, meaning […]
Read MoreMANILA, Philippines — Strong inflows boosted the country’s external payments position with the balance of payments (BOP) swinging back to a surplus in November, ending two straight months of deficits, according to the Bangko Sentral ng Pilipinas (BSP). Based on BSP data, the country posted a BOP suplus of $847 million in November, a complete […]
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