MANILA, Philippines — The spike in inflation in January made it likely that the Bangko Sentral ng Pilipinas might take a pause in its easing cycle but further rate cuts later in the year could still be possible as the economy still needs support, said London-based Capital Economics. In a research brief over the weekend, […]
Read MoreSINGAPORE – The planned increase in Central Provident Fund contribution rates should not be deferred further beyond early next year, said National Trades Union Congress (NTUC) deputy secretary-general Heng Chee How on Thursday (Feb 4). He added that there also should be no change to plans to raise the statutory retirement and re-employment ages from July next […]
Read MoreDespite this being the second time businesses have been hit by coronavirus-related restrictions and closures, many firms are finding it hard to say afloat. Chayanggurn Ardam, 54, the owner of Telephone Bar in Silom Soi 4, said he has now reached breaking point. His bar was heavily affected by the “service venue” ban in the […]
Read MoreFeb 1 marked a return to the dark days of military rule for Myanmar. Concerns abound about how the coup will not only destabilise any progress in building democratic principles, but also freeze lucrative foreign investments and economic liberalisation. The possibility of sanctions by Western nations grows by the day as US President Joe Biden […]
Read MoreMANILA, Philippines — The Foundation of Economic Freedom (FEF) is pushing for a unified lower tariff for pork imports as it backs the government’s move to bring in more pork at lower taxes to boost inventory. In a letter to Agriculture Secretary William Dar, FEF president Calixto Chikiamco said the government should unify and lower […]
Read MoreSINGAPORE: Thai Beverage (Thai Bev) plans to sell a 20% stake in its regional beer business via a Singapore listing, in what is set to be the largest initial public offering in the city-state in nearly a decade. In a statement filed to the Singapore Exchange after midnight, Thai Bev said the move would give […]
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