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 […]
Read MoreFollowing where China has been spending and investing its Belt & Road Initiative capital can provide foreign investment (FDI) clues and reveal new opportunities in recipient countries. As infrastructure builds start to yield productive user cash flows and the need for subsequent support services arises, case studies for investment potential become apparent. In this new […]
Read MoreTHE Philippine economy likely expanded much faster than the government’s target of 6.5 per cent to 7.5 per cent last year and is forecast to grow by around 6.5 per cent this year amid a strong manufacturing sector, stable banking system and record low unemployment, Finance Secretary Benjamin Diokno said. Diokno said an expected slowdown […]
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Thailand
