MANILA, Philippines — Government still borrowed less in 10 months this year, even as it jacked up its 2021 borrowing target by 16 percent from last year. Based on data from the Bureau of the Treasury, the government has borrowed P2.75 trillion from domestic and foreign lenders as of end-October, dipping six percent from P2.92 […]
Read MoreCambodia licensed new foreign direct investments totalling $39 billion in the first semester this year, a year-on-year increase of 9.6 percent, the National Bank of Cambodia’ s statistics showed today. China was the largest source of registered foreign investment with $17.3 billion or 44.2 percent of the total registered investment capital. South Korea ranked second […]
Read MoreThe government is inching towards the introduction of an excise tax on salty, processed foods, says Finance Minister Arkhom Termpittayapaisith. While declining to specify the date of tax enforcement and tax rates, he said Thais consume more than 3,600 milligrammes of sodium per person daily, higher than the World Health Organization’s recommendation of no more […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in October, as measured by the Consumer Price Index (CPI), rose 2.9% from a year ago due to an increase in transport costs as well as prices in other segments including housing, water, electricity, gas and other fuels. For the period of January to October, the country’s CPI grew 2.3% […]
Read MoreManila: IKEA has opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening on Thursday was feted with an event held at the store’s cafeteria attended by Philippine Trade Secretary Ramon Lopez and Foreign […]
Read MoreThe United Nations General Assembly has adopted a resolution that will see the graduation of Laos from the least developed country category. Laos, along with Bangladesh and Nepal, will officially graduate from the least developed country (LDC) category after the UN General Assembly adopted a resolution on the three nations yesterday. According to a statement by the […]
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