MANILA, Philippines — State-run Land Bank of the Philippines continued to book double-digit growth in its net income as of end-September as a result of its intensified lending activities, particularly to the agriculture sector, a top official said yesterday. In a statement, Landbank president and chief executive officer Cecilia Borromeo said the bank’s net profit […]
Read MoreThe Finance Ministry’s Fiscal Policy Office (FPO) downgraded the country’s economic growth outlook this year to 2.8% from 3% in August in response to the expectation of a deeper export drop. The revision came despite a 316-billion-baht stimulus package to boost domestic demand and an additional stimulus approved last week. Exports are estimated to decline […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some […]
Read More[JAKARTA] The global slowdown and trade war have created an environment in which “low interest rates for longer” is the new normal, Bank Indonesia governor Perry Warjiyo said. The US-China trade war “isn’t helping anybody” and only serves as a reminder that “if you prolong the game of thrones, the kingdom will fall apart”, Mr […]
Read MoreIndonesia is keen to strengthen bilateral relations with Myanmar and channel more investments into the country, to Indonesian Ambassador Iza Fadri told The Myanmar Times at the sidelines of a diplomatic reception on Myanmar-Indonesia relations, trade development and future outlook in Yangon last week. To celebrate the 70th anniversary of Indonesia-Myanmar diplomatic relations, the Indonesian embassy in […]
Read MoreThe long-anticipated direct flight service between Phnom Penh and Danang in central Vietnam has already started. A Cambodia Angkor Air Airbus A-320 aircraft bearing 120 passengers took off from Phnom Penh International Airport past 2:00 pm yesterday for the inaugural flight and landed at Danang International Airport around 3:10 pm on the same day. Among […]
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Thailand
