MANILA, Philippines — Strong inflows boosted the country’s external payments position with the balance of payments (BOP) swinging back to a surplus in November, ending two straight months of deficits, according to the Bangko Sentral ng Pilipinas (BSP). Based on BSP data, the country posted a BOP suplus of $847 million in November, a complete […]
Read MoreKUALA LUMPUR: Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd (BLand). The tycoon has also set in motion plans to list his mobile telecommunications service provider U Mobile Sdn Bhd on Bursa Malaysia and the hotel business […]
Read MoreSINGAPORE (Reuters) – A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed. Representing the six-month outlook of 84 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index edged up to 63 […]
Read MoreThe Ministry of Agriculture is now discussing the Rubber Law with industry players and plans to send a draft to the Council of Ministers for approval next year, according to a high-ranking official. Pol Sopha, director-general of the General Department of Rubber, said the law is now being discussed at the inter-ministry level, including talks […]
Read MoreMANILA, Philippines — The Philippines is asking Indonesia to relax its protocol in a bid to correct the trade imbalance which is in favor of the ASEAN neighboring country. Agriculture Secretary Emmanuel Piñol said trade negotiators between the two countries are meeting in Jakarta for a two-day meeting with the aim of settling the restrictions […]
Read MoreThailand’s economic growth is projected to expand by 4.1% regardless of the outcome of the upcoming general election, with domestic growth engines expected to drive the uptick, says an executive from Bank of Ayudhya (BAY). But the country still needs to resolve persistent structural problems and address human capital development to enhance long-term competitiveness, said Somprawin Manprasert, […]
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