MANILA, Philippines — The Philippine peso so far continues to show immunity from the coronavirus economic fallout, outperforming other Asian currencies as the country’s dollar reserves rise, the chief economist of the finance department said on Thursday. In an economic bulletin, Finance Undersecretary Gil Beltran said the local unit appreciated by 2.21% against the US […]
Read MoreAs buyer sentiment continues to fall, developers should price their new launches competitively as neighbouring areas still have unsold ready-to-transfer supply. Phattarachai Taweewong, associate director of research and communications at property consultant Colliers International Thailand, said there was no light at the end of the tunnel for the global and domestic economy. With a poor […]
Read MoreKUALA LUMPUR: The industrial production index (IPI) rebounded by 18.2% in May from a month ago as the government allowed more industries to resume operations under the Movement Control Order. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the rebound in the May IPI was due to the increase in all indices. The manufacturing […]
Read MoreMANILA, Philippines — London-based think tank Fitch Solutions expects higher investment risks in the country’s telecommunications industry following the recent shutdown of ABS-CBN and Sky Direct, which it said highlights the politicization of telecoms services in the Philippines. Fitch Solutions said the termination of services of ABS-CBN and Sky Direct, coupled with the country’s fluid […]
Read MoreCambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, lobbyists USA Rice last month provided virtual testimony to the […]
Read MoreBG Container Glass (BGC), Thailand’s largest glass container packaging manufacturer by capacity, is negotiating with investors in Vietnam to buy solar farms worth over 1 billion baht as it seeks new business opportunities in renewable energy. The company expects to conclude a deal in the fourth quarter for at least two farms, with a combined […]
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