MACTAN ISLAND, Cebu, Philippines – The Philippines firmed up yesterday agreements with Malaysia and Thailand to open up the banking industry, aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. led yesterday the signing of the Declaration of […]
Read MoreMANILA, Philippines – The Asian Development Bank (ADB) expects economic growth in the Philippines to moderate to 6.4 percent in 2017 as the rise in commodity prices tempers consumer spending. In its Asian Development Outlook 2017 report, the multilateral development bank said it is retaining its domestic growth expectation for 2017 but foresees domestic economic […]
Read MoreTEMPO.CO, Jakarta – UK-based oil and gas company British Petroleum (BP) expanded its business in Indonesian retail fuel market. The company has joined hands with local fuel distributor PT Aneka Kimia Raya Corporindo Tbk (AKR), after signing an agreement on April 5, 2017, in London. Both parties agreed to establish a joint venture in the fuel business. […]
Read MoreMANILA, Philippines – The Bureau of Customs (BOC) said yesterday it has improved its revenue collection efforts during the month of March amid its intensified effort to curb smuggling in the country. Based on its preliminary report, the BOC said it collected P37.654 billion in duties and other tariff last month, up 16 percent from […]
Read MoreTEMPO.CO, Jakarta – A number of parties regretted the government’s decision to issue a special mining permit (IUPK) for PT Freeport Indonesia. State Administrative Law Expert from Universitas Indonesia (UI) Dian Puji Simatupang, stated that the permit should only be issued if the government and Freeport reached an agreement on ending the company’s Contract of Work […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) noted that consumers’ optimism in March 2017 increased, as reflected in the Consumers’ Confidence Index. Last month, the index rose to 121.5 from February’s 117.1. “The index’s rise comes from the Current Economic Conditions’ Index (IKE) increase of 3.5 points to 108.7 and the Consumers’ Expectation Index’s (IEK) 5.3-point climb […]
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Thailand
