MANILA, Philippines — The country’s gross borrowings breached the P3-trillion mark from January to October as the government continued to secure more loans to fund its COVID-19 response, according to the Bureau of the Treasury (BTr). The national government’s gross borrowings soared by 233 percent to P3.22 trillion in the first 10 months from P967.56 […]
Read MoreMANILA, Philippines — The Philippine business environment may see a number of asset purchases and mergers and acquisitions as some bigger companies and private funds are gobbling up those hit by COVID-19, seizing opportunities in the “new normal.” Many private equity funds abroad, for instance, are taking interest in some Philippine companies that may need […]
Read MorePETALING JAYA: The ringgit is expected to stay firm against the US dollar at the 4.07-4.10 levels by year-end. AmBank group chief economist and AmBank Research head Anthony Dass attributed this to the continued weakness in the US dollar, which he said would provide positive impetus for the local currency’s strength. He said on the […]
Read MoreThe Indonesian Coal Mining Association (APBI) on November 25 signed a deal with the China Coal Transport and Distribution (CCTD) association to export $1.46 billion worth of coal to China next year. The value is low compared to that of realised exports this year, but the APBI said in a joint statement with the Ministry […]
Read MoreThe government has set an ambitious goal to raise the country’s standing in the World Bank’s Ease of Doing Business (EODB) ranking, reaching the top 10 by 2022. To reach that level, both public and private sectors need to work closer together, says Deputy Prime Minister Supattanapong Punmeechaow. Mr Supattanapong said over the past five […]
Read MoreE-WALLET operators will need to keep up cybersecurity and anti-fraud efforts to maintain consumer trust as they gain greater access to Singapore’s payment rails, industry watchers told The Business Times. On Monday, the Monetary Authority of Singapore (MAS) announced that eligible non-bank financial institutions (NFIs) will have direct access to the banking system’s real-time retail […]
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