HONG KONG: Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian economies that wouldn’t mind seeing their currencies weaken. Fed rate hikes this year and the prospect of more to come have […]
Read MoreMANILA, Philippines — Raising wages further would lead to job losses, while suspending the Tax Reform for Acceleration and Inclusion (TRAIN) Law would not address inflation, said foreign business leaders. “While wages, in conjunction with inflation and soaring commodity prices, have always been concerns that need to be addressed, but also here, a balance must […]
Read MoreSINGAPORE’S exports logged another month of strong growth in May as non-oil domestic exports (NODX) beat forecasts to jump 15.5 per cent over the same month a year ago thanks largely to non-electronic shipments. This was significantly better than the 3 per cent increase predicted by economists in a Bloomberg poll. May’s surge followed from April’s 11.8 per cent […]
Read MorePrime Minister Hun Sen on Friday called for investors in ACMECS member countries to consider business opportunities in Cambodia, where, he says, the government has undertaken key reforms to improve the business climate. The premier was speaking at the ACMECS CEO Forum, which was held in Bangkok on Friday, a day before the 9th Cambodia, […]
Read MoreTEMPO.CO, Jakarta – Chief of Commisioners of the Indonesia Deposit Insurance Corporation (LPS) Halim Alamsyah said that interest rate for consumer credit will be the most affected by the increase of Bank Indonesia 7 Day Repo Rate (7DRR). The increase in 7DRR will increase the consumer credit interest rate. “So if there is an interest rate increase, […]
Read MoreThe Commerce Ministry plans to remove five services on List 3 of the Foreign Business Act (FBA), opening them up to free competition to facilitate trade and investment in Thailand. The five are accounting, legal, space rental, lending and consulting services. The Foreign Business subcommittee will consider reviewing the business list annexe under the FBA in […]
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