MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) plans to return to the offshore bond market to raise as much as $600 million to refinance maturing debt this year after successfully raising P20.3 billion in the onshore bond market. In an interview, BPI president and CEO Jose Teodoro “TG” Limcaoco said the bank […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) rose 3.5 per cent in December 2022 compared to the 3.2 per cent expansion in November, the Department of Statistics Malaysia (DOSM) reported today. The PPI measures the prices of goods at the factory gate. Chief statistician Malaysia Datuk Seri Mohd Uzir Mahidin said all sectors posted an […]
Read MoreSINGAPORE hotels’ average room rate (ARR) picked up in December 2022 after a marginal fall in November to record a new 14-year high, going by Singapore Tourism Board data on Monday (Jan 30). ARR was up 27.7 per cent from the year-ago period to S$285.84. It was also up 1.9 per cent from November’s S$280.57 […]
Read MoreCHINA’S JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from South-east Asia after a bruising year for China’s retail and technology sectors. JD.com will end its services in Thailand from Mar 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders […]
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Thailand
