MANILA, Philippines — Vehicle sales dipped 2.4 percent in August from a year ago, the first time since January, due to the weak performance of the commercial vehicle (CV) segment and supply issues. In a joint report yesterday, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) said combined […]
Read MoreTHE risk of bailing out state-owned enterprises (SOEs) could put pressure on national balance sheets in emerging and “frontier” markets in South-east Asia, Moody’s Investors Service has warned in a report. The threat comes mainly from so-called implicit liabilities, where governments are not contractually on the hook for debt but could still be pushed to […]
Read MoreBinh Tien Imex Corp, Pte, Ltd (Biti’s), one of the leading footwear manufacturers in Vietnam, has opened its first store in Cambodia. Biti’s first Cambodia outlet is located in the downtown area of Phnom Penh. The opening marks the launch of the company’s Cambodian subsidiary, known as Biti’s Cambodia, according to Vietnamese media outlets. The […]
Read MoreThe Central Bank of Myanmar (CBM) is planning to take additional measures to further stabilise the foreign exchange market, vice governor U Soe Min said in Parliament on Monday. The new measures may include it intervening in the foreign exchange market, the Myanmar Times understands. The move comes on the back of a recent bout […]
Read MoreThe Finance Ministry plans to raise the excise tax rate on zero-alcohol beer, saying it would discourage people from start drinking. Finance Minister Uttama Savanayana said on Wednesday that the Excise Department of the ministry would soon complete a study on raising tax on zero-alcohol beer from the current rate of 14 per cent, […]
Read MoreMANILA has gained from the trade war between the United States and China, based on a review of export data from the first seven months of 2019 by Maybank Kim Eng analysts. Amid global trade tensions, the Philippines’ shipments to the US and China together rose by 9.2 per cent year on year in the […]
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