MANILA, Philippines – The government is set to borrow P889.7 billion from local and foreign lenders in 2018 to plug the budget shortfall, the Bureau of the Treasury (BTr) said yesterday. In an interview, National Treasurer Rosalia de Leon said the amount is 22.27 percent higher than the P727 billion revised debt ceiling for 2017. […]
Read MoreThai businesses invested a record $13 billion (442 billion baht) abroad in 2016, dwarfing inflows of $1.6 billion (54.4 billion baht), according to the United Nations Conference on Trade and Development. Investment abroad totalled $2.9 billion (98.6 billion baht) in January to April, according to the central bank. This was a unique Thai action. In […]
Read MoreCambodia needs more direct flights to and from destinations around the world to increase the country’s share of regional tourism, according to the State Secretariat for Civil Aviation. Sin Chansereyvutha, spokesman for the secretariat, said foreign tourists have already started travelling directly to Cambodia rather than transiting through Thailand or Vietnam, thanks to increased air […]
Read MoreHCM CITY — Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field. A study conducted by Nielsen, a market research and global information company, showed that Vietnam is one of the world’s most dynamic countries in hi-tech application and use, including online shopping. […]
Read MoreTHAILAND is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting. Energy Ministry permanent secretary Areepong Bhoocha-Oom said the agreement would pave the way for the Laos-Thailand-Malaysia electricity deal, enabling the Asean Power Grid to materialise. “The agreement will be for the sale and purchase […]
Read MoreMANILA, Philippines – The country’s balance of payments (BOP) position reverted back to a deficit in May amid the continued outflow of funds and strong imports, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Deputy Governor Diwa Guinigundo said the Philippines booked a BOP deficit of $59 million in May, reversing the $241 million […]
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