MANILA, Philippines — The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account (CA) deficits. The local currency closed at 52.465 to $1 yesterday from Friday’s 52.33 to $1. This was the weakest level […]
Read MoreAlibaba group has established a foothold in Myanmar following the acquisition of Daraz Group, the Pakistani online shopping platform which operates Myanmar e-commerce site shop.com.mm. The move could be the start of a slew of investments in the country by the Chinese Internet giant as well as other rival businesses. It also came just a week […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is seeking the approval of Congress for the proposed tax amnesty bill by June, Finance Secretary Carlos Dominguez said yesterday. During the 65th Rural Bankers Association of the Philippines (RBAP) national convention in Davao City, Dominguez said the government is pursuing the passage of the succeeding packages […]
Read MoreKUALA LUMPUR: Ride-hailing company Grab has teamed up with Malayan Banking Bhd (Maybank) for its Grab’s new cashless payment method, the GrabPay mobile wallet. Grab, which has morphed into a fintech platform, said on Monday with the partnership and support of Maybank, its consumers will also be able to eventually use their mobile wallet at Maybank’s key […]
Read MoreKUALA LUMPUR: Malaysia will review the implementation of mega projects such as the high speed rail line to Singapore, and a $14 billion rail project connecting the country’s east and west coasts, state news agency Bernama reported on Tuesday, citing the economic affairs minister. Datuk Seri Mohamed Azmin Ali also said the government will ensure projects […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Transportation has selected three Patimban Port contractors located in Subang, West Java. The three companies are the two state-owned enterprises (BUMN) and one Japanese company. “The contractors are Penta-Ocean Construction (Japan), PT Wijaya Karya Tbk, and PT PP (Housing Development),” Budi said after visiting Buntet Islamic School in Cirebon, West Java, Sunday, May […]
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