MANILA, Philippines — The continued depreciation of currencies against the dollar is credit negative for countries with large external funding needs including the Philippines, Moody’s Investors Service said. In its latest Asia Pacific report titled “Currency depreciation will weigh on sovereigns with high external funding needs,” the debt watcher said. Emerging markets and some frontier […]
Read MorePresident Joko “Jokowi” Widodo has reportedly given his approval for a revised presidential regulation ensuring the supply of Premium-branded gasoline in Java, Madura and Bali, regions where the fuel was previously phased out. The revision of Presidential Regulation No. 191/2014 has been labeled as a politically motivated move ahead of the presidential election next year. […]
Read MoreSINGAPORE – The average cost of employing an expatriate in Singapore has shrunk by over US$12,000 (S$16,100) compared to the year before. This brings the value of a typical annual compensation and benefits package for an expatriate middle-manager in Singapore to US$223,095 (S$298,500) in 2017, down from US$235,545 in 2016. This was one of the […]
Read MoreThe Hanoitimes – Many banks have reduced the interest rate for short-term deposits while raising the rate for long-term deposits to restructure capital sources. BIDV has applied the new rates from May 22, lowering its annual interest rate for three-month and six-month deposits by 0.2 percentage points. Accordingly, the rates for these months are listed at […]
Read MoreThe Council of Ministers approved on Friday two new energy projects. An expansion of a coal-fired power plant in Preah Sihanouk’s Stung Hav district has been green-lighted by the Council, as well as a solar power plant in Kampong Speu, which will have a production capacity of 60 megawatts. The projects will now be submitted […]
Read MoreMANILA, Philippines — The Philippine government plans to raise about $2 billion more this year through the sale of offshore commercial bonds, including samurai and global bonds, according to the Bureau of the Treasury (BTr). In an interview, Deputy Treasurer Sharon Almanza said the government has already issued $2.2 billion in offshore commercial securities out […]
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Thailand
