MANILA, Philippines — More foreign capital went out of the Philippines for a second consecutive month, reflecting market jitters stoked by rising inflation and a weaker peso, the Bangko Sentral ng Pilipinas reported on Thursday. Registered foreign portfolio investments, also known as “hot money” for their volatility, recorded a net outflow of $516 million in […]
Read MoreTEMPO.CO, Surabaya – Indonesian application-based ride-hailing company GoJek confirmed that it will expand to four Southeast Asian countries, namely Singapore, Philippines, Thailand, and Vietnam. GoJek Indonesia corporate communication Vice President Michael Say explained that the company’s brand name for the Vietnam market will change to ‘GoViet’, while Thailand will take the name ‘Get’. “As for the two remaining countries; Singapore […]
Read MoreThe ongoing South China Sea (SCS) conflict is nerve-racking. The conflict has split Asean wide open and has brought along with it a growing foreign influence in the region. Asean could do without these problems. However, the SCS is an issue that should be resolved among the concerned nations in the region. That is, between […]
Read MoreThe Hanoitimes – There will be no difference in the required minimum amount of capital for airlines providing international and domestic air transport services, according to the Ministry of Transport (MoT). Under MoT’s new draft decree, instead of the previous limit of 30% of charter capital, foreign investors in the aviation sector can now own up […]
Read MoreMANILA, Philippines — Global tech parts giant Cal-Comp Technology (Philippines) Inc. is spending the proceeds of its planned P6.77 billion initial public offering to expand its operations, acquire new equipment, and focus on research and development as it grooms the country as its next hub in Southeast Asia. New Kinpo Group chief executive officer Simon […]
Read MoreThe Bank of Thailand has moved to curb the baht’s rapid retreat against the greenback as the local currency hit a nine-month low. The central bank has sporadically taken action against the currency’s weakness by selling the US dollar to smooth out the baht’s movement after it depreciated at a faster pace, lowering foreign reserves, said […]
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