MANILA, Philippines — It may still be too early to discuss moves to cut policy rates or banks’ reserve requirement ratio (RRR) with the year-to-date inflation still averaging above target, a senior official of the Bangko Sentral ng Pilipinas (BSP) said yesterday. Inflation last February slowed to an 11-month low of 3.8 percent, easing within […]
Read MoreBANGKOK: Thailand plans to build the world’s largest floating solar farms to power Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run Electricity Generating Authority of Thailand will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, […]
Read MoreThe Jakarta Post/Jakarta A new state-owned e-payment platform, LinkAja, has begun the second phase of its transformation into a stronger third bloc in Indonesia’s essentially duopolistic e-payment environment, which is now dominated by Go-Pay and OVO. The transformation would allow state-owned lenders Bank Mandiri, BRI and BNI to transfer millions of users from their respective […]
Read MoreThe Bank of Thailand warned the baht is likely to remain volatile and that it intervened in the market when the baht strengthened at a faster pace than economic fundamentals would suggest, helping business operators adjust, says a senior official. The comment came after a meeting with the Thai National Shippers’ Council (TNSC), which has called […]
Read MoreBUSINESS confidence among Singapore companies remained downbeat for the second quarter of 2019, and waned for the third consecutive quarter, according to the latest quarterly Singapore Commercial Credit Bureau’s (SCCB) Business Optimism Index released on Tuesday. The overall index eased from +7.19 percentage points in Q1 2019, to +5.08 percentage points in Q2 2019. On a year-on-year […]
Read MoreDuring the Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting, held during the weekend in Siem Reap, Cambodia held bilateral talks with delegates from Singapore, China, and Australia. During a meeting with Chan Chun Sing, Singapore’s Trade Minister, Cambodian Prime Minister Hun Sen said the ministries of commerce of both countries have been cooperating to […]
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