Indonesia’s decision to relocate its capital may face environmental roadblocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (US$33 billion).It is also expected to take three […]
Read MoreSINGAPORE – Sentiment among Singapore manufacturers saw a marginal improvement in August but remained in negative territory for the fourth consecutive month as the escalating US-China trade war continued to cast a shadow on the sector. Singapore’s Purchasing Managers’ Index (PMI) – an early gauge of factory activity – edged up by 0.1 point from the previous […]
Read MoreDespite an unexpected rise in exports in July, Thai shippers are maintaining their forecast for outbound shipments to contract by 1% this year. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said exports still face multiple risks: the global economic slowdown exacerbated by the escalating trade war, the Brexit impasse, international political conflicts, […]
Read MoreMANILA, Philippines — Credit growth picked up pace in July after slowing down for two straight months as banks are now armed with additional funds from the reduction in the reserve requirement ratio. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said preliminary data showed loans extended by big banks grew at a faster rate of […]
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