MANILA, Philippines — Foreign investment pledges approved by the country’s main investment promotion agencies surged to an all-time high of P390.11 billion in 2019, more than double from P179 billion in 2018, data from the Philippine Statistics Authority showed. These investment pledges were lodged at the Board of Investments, Clark Development Corp., Philippine Economic Zone […]
Read MoreCondo developers should extend the transfer period for Chinese buyers to avoid amplifying the glut, according to property brokerage Angel Real Estate Consultancy Co. Co-founder and president Simon Lee said developers should give Chinese buyers a longer period to pay for condo units they booked when they are ready to transfer if they cannot travel. […]
Read MoreMANILA, Philippines — The Philippines remains interested in having a free trade agreement (FTA) with the European Union (EU) and increasing utilization of the trade preference program Generalized Scheme of Preferences Plus (GSP+) despite concerns raised by the trade bloc on the country’s human rights and workers’ welfare situation. Trade Secretary Ramon Lopez told reporters […]
Read MoreThai Airways International will cancel some flights to eight countries this and next months as the coronavirus outbreak has crippled air travel. The flight adjustments this month and most of March cover destinations in China, Hong Kong, Taiwan, Japan, South Korea, Singapore, the Philippines, Bangladesh and the United Arabs Emirates. Nond Kalinta, vice-president in charge […]
Read MoreCentral Retail Corporation (CRC), Thailand’s largest retailer and the retail arm of Central Group, is upbeat about its business prospects as it launched the country’s largest-ever market capitalisation offering on the Stock Exchange of Thailand (SET) on Thursday. CRC launched its initial public offering (IPO) on Thursday despite business sentiment being blighted by the Covid-19 epidemic. […]
Read MoreBank Indonesia (BI) decided on Thursday to cut its benchmark interest rate to help mitigate the potential impacts of the coronavirus outbreak on the country’s economic growth. During a two-day board of governors meeting, the central bank decided to slash its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to […]
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