MANILA, Philippines – The real estate exposure of Philippine banks finally eased below 20 percent in the first quarter as housing prices remained steady amid sustained demand, data from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP said real estate loans jumped 21.6 percent to P1.32 trillion in the first quarter from P1.08 trillion […]
Read MoreThe Ministry of Hotels and Tourism is implementing a two countries one destination campaign with Cambodia by planning direct flights between the two ancient cities Bagan and Siem Reap, said Daw Khin Than Win, the ministry’s deputy director general. A tourist can get to Myanmar without a visa at the embassy if they have a […]
Read MoreA planned oil pipeline project connecting a Vietnamese harbour to the central province of Khammuan will reduce oil prices significantly, a feasibility study has shown. The price of gasoline in Khammuan province could be reduced as much as 600 kip per litre – from 7,500 kip per litre to 6,900 kip – once the project […]
Read MoreASIA has been warned many times against creating a “spaghetti bowl” of conflicting trade agreements, and with trade chiefs from three major powers pushing their own ideas at a series of weekend meetings in Hanoi, the prospects for general agreement on an Asia-wide accord remained highly uncertain. During the two-day gathering, Japan succeeded in putting […]
Read MoreCambodia and Asean occupy an increasingly important location at the crossroads of global trade routes. The Post’s Matthieu de Gaudemar spoke with Arancha González, executive director of the International Trade Center, on the sidelines of the recent World Economic Forum on Asean summit to discuss global trade uncertainty and its impact on the region. With […]
Read MoreMANILA — The Philippines, one of the world’s top rice buyers, will issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season. The tender is open to private traders in major exporters Thailand and […]
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