The government is lowering its investment target for the electricity sector this year to US$12.04 billion, 1.3 percent less than last year’s target of $12.2 billion, after taking into account a recent slowdown in electricity consumption. Only $11.28 billion was invested in 2018, but that was 24.5 percent more than the $9.06 billion invested in […]
Read MoreThe Philippine Land Transportation Franchising and Regulatory Board (LTFRB) has rejected the request from Indonesian ride-hailing company Go-Jek to operate in the country because of a local regulation on corporate ownership. The LTFRB pre-accreditation committee’s Resolution No. 096, dated Dec. 20, 2018, rejects Go-Jek’s application through local transport network company (TNC) Velox Technology Philippines, kompas.com reported on recently. The board rejected the application on the […]
Read MoreState-owned lender Bank Mandiri has signed a cooperation agreement with state-owned postal company PT Pos Indonesia to enable its customers to top up their pre-paid e-money cards at all outlets of the postal company across the country. “Bank Mandiri will also cooperate with other organizations to give customers more alternatives to top up their cards,” […]
Read MoreThe government is considering imposing the Tobin tax, which penalizes short-term currency speculation, to control the flow of hot money. Macroeconomic policy center head Adrianto of the Finance Ministry’s Fiscal Policy Agency (BKF) said the objective of the tax was to prevent the outflow of hot money from the stock, bond and currency markets. The quick movement of currency speculation was to blame for […]
Read MoreThe value of the rupiah against the US dollar rose in the first week of 2019 after depreciating heavily last year, with analysts projecting that the currency may continue to gain ground despite global uncertainty. Data from the Jakarta Interbank Spot Dollar Rate show the rupiah traded at 14,465 against the US dollar on Jan. […]
Read MoreThe government has lowered the investment target for new and renewable energy to US$1.79 billion this year from $2.01 billion in the previous year. However, the realization of renewable energy development only reached 79.60 percent of the target or $1.6 billion, last year. The Energy and Mineral Resources Ministry’s renewable energy and energy conservation director general, […]
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Thailand
