MANILA, Philippines — The Philippine economy grew by 6.8 percent in the first quarter, in line with market expectations, to remain one of the best performers in Asia next to Vietnam and China. Philippine Statistics Authority data showed that for the 10th consecutive quarter, gross domestic product (GDP) growth hit 6.5 percent and above. For […]
Read MoreJAKARTA: A rise in Indonesian bond yields is unavoidable given the current global situation, but the finance ministry believes the market will stabilise and is preparing alternatives for financing in the mean time, a senior official said on Friday. “For yields to return to 6.3 percent would be hard, but we’re comfortable that the movements […]
Read MoreBank Indonesia (BI) hinted on Friday that it would increase its benchmark seven-day reverse repo rate, which is currently at 4.25 percent, because of consistent external pressure that could potentially disrupt the country’s economy. The BI’s board of governors will meet on May 16 and 17. “Bank Indonesia has large enough room to increase the seven-day reserve repo rate. The […]
Read MoreTHE Federation of Thai Industries (FTI) is digging on its position that the current wholesale price for electricity is too low for small operators in renewable energy. The industry lobby sees room for an increase – from Bt2.44 per unit – to a level below that which starts to affect ordinary consumers. If the purchase […]
Read MoreFighting against fake news and improving citizens’ digital literacy are the top two priorities at the Asean Ministers Responsible for Information (AMRI) conference. “Like the rest of world, Asean is undergoing a digital transformation and citizens need to get ready for this new age of digital information and technology,” said S Iswaran, Singapore’s communications and information […]
Read MoreThe Hanoitimes – The disbursement for public investment projects has been moving at the slowest pace with only VND65 trillion (US$2.85 billion) in the first four months of this year, equal to 16.27 percent of the plan assigned by National Assembly. According to the Ministry of Finance, only six ministries and sectors, and 14 cities and […]
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Thailand
