MANILA, Philippines — Indonesian firm PT Mayora Indah Tbk is pouring in over $80 million worth of investments over the next five years for a coffee production and processing facility in Batangas. In a statement, Mayora, which is behind the popular Kopiko coffee brand, said it has entered into a memorandum of understanding with Lima Land Inc. for the […]
Read MoreSingapore introduced its first Protection from Online Falsehoods and Manipulation Bill on Monday (April 1), which Parliament is set to debate in the coming months. The proposed law is meant to protect Singapore from societal damage caused by falsehoods spread by “malicious actors”, The Straits Times (ST) quoted the Ministry of Law as saying. This includes fake news […]
Read MoreThe country’s largest shippers group has cut its export growth forecast to 3% this year from the previous 5%, citing the global economic slowdown, the Brexit impasse and the trade row between the world’s two biggest economies. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said that given mounting risk factors at home and abroad, […]
Read MoreBANGKOK: The central banks of Thailand, Indonesia, Malaysia and the Philippines will chart out a framework this week to promote trade and investment in local currencies, in a latest move by emerging economies to trim exposure to volatile global markets. The four central banks will sign a letter of intent on a local currency settlement […]
Read MoreThe Hanoitimes – Vietnam`s consumer finance industry grew at a compound annual rate of 41% between 2013 and 2017 on the back of higher personal income and greater penetration of services. The Vietnamese central bank’s recently-proposed stricter regulations on personal unsecured lending by consumer finance companies is credit positive for the Vietnamese finance companies, Moody’s Investors […]
Read MoreThe Hanoitimes – The ADB report highlights the primary external risk to the economy is the faster-than-expected slowdown of the major economies, including the European Union, the US, and China, Vietnam’s main export partners. With growth in the global economy and world trade projected to slow, ADB forecasts that Vietnam’s economic growth will moderate but remain […]
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