MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has revised the method in computing the required capital of banks to ensure that it is comprised only of instruments that are of the highest quality to absorb losses. BSP Governor Nestor Espenilla Jr. has issued a circular stating the decision of the Monetary Board to […]
Read MoreHANOI: A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the US-China trade war. “We are ready to grab the opportunity,” Phuc said in an interview with Bloomberg TV’s Haslinda Amin, a few days before departing […]
Read MoreHANOI — A few years ago, Samsung, a world-leading electronics company, encouraged local Vietnamese firms to produce spare parts for its factories. However, the firm struggled to find Vietnamese suppliers capable of making simple components like screws, chargers and keyboards to adequate standards. This sparked concern about the country’s support industry being unable to meet Samsung’s […]
Read MoreVietnam’s airline VietJet Air is to open routes from Ho Chi Minh City to Denpasar in March and to Jakarta by the end of the year, said VietJet Air managing director Do Xuan Quang during the recent ASEAN Tourism Forum (ATF) 2019 in Jakarta. “I assure [you] that starting March 2019, we will fly to […]
Read MorePETALING JAYA: The Ministry of International Trade and Industry (Miti) will announce a trade policy and roll out Industry 4.0 initiatives to drive the manufacturing sector and economic growth. The ministry will also consolidate incentives dished out by various investment promotion agencies under a single body to harmonise the various goodies given to industries to establish operations in the country. […]
Read MoreMANILA, Philippines — Southeast Asia’s leading online-to-offline mobile platform Grab is bringing its food delivery service to Cebu as it continues to expand its services in more cities and grow its merchant-partners base in the Philippines. Grab Philippines said GrabFood targets to replicate its success in Metro Manila to Cebu, given the city’s booming economy […]
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