Rate hike expected at 25-50 bps today MANILA, Philippines — The Bangko Sentral ng Pilipinas is not ruling out further tightening after the widely expected interest rate hike today to tame inflation back to within the BSP’s two to four percent target range starting next year. BSP Governor Felipe Medalla told participants of the 2022 […]
Read MoreINVESTMENT applications in Thailand dropped by 42 per cent in the first half of 2022 compared to the same period last year, official data showed on Wednesday (Aug 17), led by a sharp fall in foreign projects as the global economy slowed. Foreign investments, which made up 60 per cent of the overall 220 billion […]
Read MoreBrunei Darussalam scored high in environmental, social and governance (ESG) category with 83 per cent in the 2021 edition of the M&A Attractiveness Index by Mergers and Acquisitions Research Centre (MARC) at the Bayes Business School. The index ranks countries on their capacity to attract and sustain mergers and acquisitions activity based on six factor […]
Read MoreBig data can support over 100 billion USD worth of opportunities in Southeast Asia, particularly across the five focus countries, namely Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, according to a report released by the Asian Development Bank (ADB) on August 17. The report “Harnessing the Potential of Big Data in Post-Pandemic Southeast Asia” said […]
Read MoreTEMPO.CO, Jakarta – The Indonesian government signaled that it would possibly increase the price of subsidized fuel after the budget spiked to Rp502 trillion. One of the renowned subsidized fuels sold by state-energy firm Pertamina is Pertalite, which is currently sold at Rp7,650 per liter and will likely be increased to Rp10,000 per liter. According to Development of […]
Read MoreMANILA, Philippines — The National Economic and Development Authority (NEDA) said sugar importation should be allowed if local production is unable to meet the rising demand to prevent further price increases. “Local production has to grow. Now if it cannot grow, imports should be allowed. Otherwise, prices will continue to skyrocket,” Socioeconomic Planning Secretary Arsenio […]
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Thailand
