JAKARTA: Indonesia’s central bank is showing its willingness to sacrifice economic growth for currency stability in its latest aggressive move on interest rates. Bank Indonesia surprised economists with a bigger-than-forecast 50 basis-point hike last Friday, on top of two rate increases in May aimed at halting a currency rout. That takes the benchmark rate to […]
Read MoreMANILA, Philippines — The inter-agency Development Budget Coordination Committee (DBCC) disclosed a new set of economic assumptions for this year and next year to reflect the aggressive spending strategy of the government and the upward trend in consumer prices. However, despite the change in some of the macroeconomic forecasts, economic managers still maintain the country’s […]
Read MoreIN LINE with efforts to address plastic waste, notable developments have recently taken place in the country. In conjunction with Earth Day 2018 celebrations, the Ministry of Development (MoD)’s Department of Environment, Parks and Recreation (JASTRe) added Thursdays to the ‘No Plastic Bag Weekend’ drive. The MoD first introduced No Plastic Bag Weekend in March […]
Read MoreM&A APPETITE among Singapore and South-east Asian companies has dipped, says Ernst & Young (EY) in its 18th Global Capital Confidence Barometer. The biannual survey of 2,500 executives across 43 countries found that 40 per cent of Singapore executives plan on pursuing acquisitions in the next 12 months, down from 52 per cent six months […]
Read MoreThe chairman of the House of Representatives Commission VII overseeing mining affairs, Gus Irawan Pasaribu, has called on the government to provide a subsidy for Pertamax gasoline, which is often used by luxury cars, following a price increase by state-owned energy company Pertamina. He argued that the price increase of the fuel, which had a research octane number (RON) of […]
Read MoreThe Hanoitimes – A number of foreign companies are showing interest in becoming major shareholders of debt-laden Vietnam National Shipping Lines (Vinalines). South Korean-based groups Hyundai Motor and SK, Thailand’s Siam Cement Group (SCG) and Belgium’s Ackermans & van Haaren are exploring options to purchase stakes in Vinalines, said Nguyen Canh Tinh, acting CEO of Vinalines. Consequently, Hyundai […]
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