MANILA, Philippines — A rapid rise in inflation may raise borrowers’ default risks in the Philippines, according to Moody’s Investors Service. In a report, the debt watcher said an acceleration in inflation has historically resulted in increases in non-performing loans (NPLs) among members of the Association of Southeast Asian Nations (ASEAN). “Although higher interest rates […]
Read MoreVietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment’s Foreign Investment Agency. At the same time, the country will prioritise investment projects in high technology, supporting industry, and digital economy innovation, especially in the automotive industry, to create favourable […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have agreed to initiate cooperation on cross-border Quick Response or QR code-based payment linkage between Indonesia and Singapore to encourage payment connectivity in ASEAN. “Bank Indonesia believes that the initiative marks an important milestone in strengthening bilateral financial cooperation between Singapore and Indonesia,” Governor of Bank […]
Read MorePETALING JAYA: Asean economies, including Malaysia, are experiencing a “partial decoupling’’ from the world’s largest economic powerhouse, the United States. Maybank IBG Research laid out six arguments in its latest report, highlighting that Asean economies were becoming less exposed to the US economic downturn and potential recession. Pointing out that Asean was emerging as a […]
Read MoreThe Ministry of Industry and Trade has decided to impose anti-dumping tariffs of 11.43% to 36.56% on several welding materials originating in Malaysia, Thailand and China. The items subject to the tariffs consist of stainless steel 308 welding rods with powder coating with HS codes and solid coreless welding wires with HS codes, according to […]
Read MoreSaudi Arabia has agreed to help Thailand push for a free trade agreement (FTA) with members of the Gulf Cooperation Council, according to Commerce Minister Jurin Laksanawisit on Monday. Speaking after a meeting with Saudi Arabia’s Minister of Commerce Majid bin Abdullah al-Kassabi in Riyadh, Mr Jurin said Saudi Arabia has accepted all proposals floated by […]
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