MANILA, Philippines — The government may fail to meet its deficit ceiling for the year even as both revenues and spending are growing beyond their respective targets, according to the Department of Budget and Management (DBM). Budget Secretary Benjamin Diokno said the government’s fiscal deficit for 2018 may fall behind the P523.7 billion target, which […]
Read MoreThe Hanoitimes – The revenue is equal to 89.8% of the year’s plan and 86.74% of the expectation, local media reported. Vietnam’s import-export duty revenue reached VND254.16 trillion (US$10.89 billion) in the first ten months of 2018, up 6.82% compared to the corresponding period last year, according to the General Department of Vietnam Customs (GDVC). The […]
Read MoreSHANGHAI – The upgrade of the free trade agreement between Singapore and China, which has been three years in the making, will likely be signed by both sides later this month in Singapore, said Trade and Industry Minister Chan Chun Sing. “We should be hearing the good news when Chinese Premier Li Keqiang visits Singapore,” he […]
Read MoreGrowth prospects for Asean insurance markets look robust and are supported by strong socioeconomic fundamentals, says a report by Moody’s Investors Service. The study looked at six markets in Asean — Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines. While each market’s growth differed in pace and quality, the overall outlook was good for insurance. “The […]
Read MoreA weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows hit last week due to sluggish demand. In Thailand, benchmark 5% broken rice prices were quoted at $380-$400 per tonne, free on board (FOB) Bangkok, […]
Read MoreBank of Ayudhya (BAY) aims for 10% growth in retail lending and keeping its bad loan ratio at 2.6-2.7% next year, says a senior official at the bank. The 10% growth translates into 100 billion baht worth of new loans in 2019, said Phonganant Thanattrai, head of retail banking and the distribution group. The bank […]
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