MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) has no plans to take in a foreign strategic partner and tap the debt or capital markets for additional funding this year. BPI president and chief executive officer Jose Teodoro “TG” Limcaoco told The STAR the bank has no plans to enter into a strategic […]
Read MoreThe private sector rejoiced as new legislation entered into force, laying out the organisation and functions of the Non-Bank Financial Services Authority’s (NBFSA) individual units, a move widely-believed to spur further progress and strength in the non-banking financial services sector. The sub-decree on the organisation and functions of units under the auspices of the NBFSA […]
Read MoreThe baht opened at 32.81 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.75. The Thai currency is likely to move between 32.75 and 32.90 on Monday and between 32.60 and 33 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that there were two negative factors affecting the […]
Read MoreThe Bank of Thailand is allowing a two-month debt holiday for individuals and small and medium-sized enterprises (SMEs) suffering a direct impact from the government’s latest lockdown measures to combat the pandemic. The measure, which includes the cooperation of the Thai Bankers’ Association and the Association of International Banks, targets employees and employers in 10 […]
Read MoreThe recent tourism trend has shown that tourist village is Indonesia’s tourism future and the symbol of our economic revival. Jakarta (ANTARA) – Tourist villages are a symbol of Indonesia’s economic revival since their development would have positive impacts on the welfare of local communities, Tourism and Creative Economy Minister Sandiaga Salahuddin Uno stated. “The […]
Read MoreMANILA – The Philippines and Brunei Darussalam signed an agreement in a bid to eliminate double taxation and prevent fiscal evasion on taxes involving income from cross-border transactions, the Finance department said Friday. The Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income (double taxation […]
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