MANILA, Philippines — The Philippines faces three pressing economic storm clouds, namely rising debt across countries, surging global inflation and policy normalization in advanced economies, according to former Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco Jr. During the CEO Forum hosted by the Bankers Association of the Philippines (BAP), Tetangco said the dangerous trend […]
Read MoreThe Sithandone Special Economic Zone (SEZ) in southern Laos is starting construction of two major development projects after the completion of a land survey carried out by Zone officials and the government. One of the developments is a grandiose hotel close to the Mekong River and the Khonphapheng Falls, built in the shape of two […]
Read MoreCambodia’s economy is projected to grow by 5.4 percent, according to the mid-year assessment of the Ministry of Economy and Finance (MEF), but down from the previous forecast of 5.6 percent made at the beginning of the year, as the effects of Covid-19 have not fully mitigated. At a press conference yesterday, MEF spokesperson Meas […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures firmed on Wednesday, after two sessions of steep losses, although the gains were capped by lower export tax reference price in rival and top producer Indonesia. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.43%, to 3,896 ringgit ($874.52) […]
Read MoreNational oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy. “It is the right time for the sale as global coal prices have risen since the end of last year,” said Auttapol Rerkpiboon, chief executive and president […]
Read MoreThe Ministry of Industry and Trade has issued Decision No.1514 on applying measures to prevent evasion of safeguard duties for some cane sugar products imported from Cambodia, Indonesia, Laos, Malaysia, and Myanmar. The MoIT affirmed that Decision No.1514 on the application of safeguard measures to prevent trade remedies evasion was issued based on an investigation […]
Read More
Thailand
