MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has brought down the level of deposits banks are required to keep with the central bank by 200 basis points (two percentage points) over a three-month period, releasing about P190 billion in additional funds to boost the slowing economy. BSP Governor Benjamin Diokno said the Monetary […]
Read MoreJAKARTA: Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government seeks to stoke growth in Southeast Asia’s largest economy, according to the country’s planning minister. The sweeping proposal calls for a record 5,957 trillion rupiah ($412 billion) in investments from […]
Read MoreThe government approved $4 billion worth of investment projects during the first four months of the year, the Council for the Development of Cambodia recently revealed. For in depth analysis of Cambodian Business, visit Capital Cambodia From January to April this year, the value of investments approved more than tripled compared to the same period in […]
Read MoreAP Honda forecasts that the new excise tax for motorcycles, effective from 2020, could add 200-10,000 baht to retail prices, depending on model size. Last Tuesday, the cabinet approved a new calculation for motorcycle excise tax, shifting from engine size to CO2 emissions. Electric and fuel-based motorcycles releasing emissions of less than 10 grammes per […]
Read MoreKUALA LUMPUR: The ringgit opened lower against US dollar today as investors stayed on the sidelines due to external factors and as US-China trade tensions worsened. At 9am today, the ringgit was quoted at 4.1700/1730 against the greenback compared to 4.1630/1660 at yesterday’s close. A dealer said the blacklisting of Chinese technology giant, Huawei, would […]
Read MoreAccording to World Steel Association’s projections, market demand for steel in Myanmar will surge to five million tonnes in 2025, said U Myint Swe, executive director of Danieli Myanmar, an Italian supplier of equipment and physical plants to the metal industry. U Myint Swe said this during a talk on the development of Myanmar’s iron […]
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