MANILA, Philippines – Carbonated drinks, energy drinks, sweetened tea and coffee, fruit drinks and other similar products are expected to see minimal to substantial price increases should the proposed excise tax adjustments on sugar-sweetened beverages be pushed by the Congress, data from the Department of Finance (DOF) showed. According to a price survey conducted by […]
Read MoreMANILA, Philippines – GIC Private Ltd. of Singapore now has a direct stake in Ayala-led Bank of the Philippine Islands (BPI) more than three years after it acquired a stake in the country’s third largest lender. Liontide Holdings Inc., formerly Ayala DBS Holdings Inc., transferred 46.63 million shares worth P4.56 billion last May 11 through […]
Read MoreMANILA, Philippines – Potential US trade sanctions on major Asian economies are seen to significantly benefit the trade and investment relationship of the Philippines with the world’s largest economy, a trade official said. China, India, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand and Vietnam have earlier been identified as US trade partners which had significant […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia expressed optimism that the Indonesia’s economic growthwould stand above 7 percent this year after the country faced global uncertainty due to the US monetary policy and plummeting commodity prices last year. “To ensure the prosperity of Indonesian people, 5 percent [economic growth] wouldn’t be enough. [The economy] needs to grow […]
Read MoreThai Airways International’s refusal to subscribe to new shares of Nok Air could jeopardise THAI’s fight for control over the loss-ridden budget carrier. That would be good news for Nok Air, which has been less than keen to join the flag carrier’s new consolidation plan under the THAI Group concept. By rejecting Nok Air’s offering […]
Read MoreA JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and China, according to Minister for Commerce U Than […]
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