MANILA, Philippines — While the Philippines posted a minimal increase in motor vehicle production in the eight months of the year, its growth continues to lag behind six of its Southeast Asian neighbors. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed 54,918 motor vehicles were assembled in the Philippines from […]
Read MoreThe Credit Card Club, a unit of the Thai Bankers’ Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator’s concerns over rising household debt stemming from unsecured loans. The club has 16 members, mostly credit card providers from commercial banks and large non-banks, such […]
Read MoreThailand’s exports are expected to rise 8% this year, the top end of a previous forecasts range of 6% to 8%, helped by increased demand for food amid global food insecurity, the national shippers’ group said on Tuesday. Exports, which rose 11% in January-August from a year earlier, should continue its momentum, Chaichan Chareonsuk, chairman of […]
Read MoreBUSINESS trusts in Singapore will need to provide more information about their beneficial owners, and unitholders will find it easier to vote to remove trustee-managers. These are some of the changes following an amendment bill passed in Parliament on Monday (Oct 3). “The amendments will enhance the transparency and governance of registered business trusts in […]
Read MoreTHE Philippine central bank said on Tuesday (Oct 4) it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso currency hovering at record lows against the US dollar. The peso closed at a record 59 to the greenback on Monday, taking its year-to-date […]
Read MoreJAKARTA, Oct 4 (Reuters) – Indonesia, the world’s biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday. Indonesia started waiving levies imposed on exports of palm oil products from mid-July to help reduce its stock glut following a […]
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