MANILA, Philippines — Foreign direct investment (FDI) inflows dropped by more than 41 percent to a five-month low of $752 million in August from $1.28 billion in the same month last year amid concerns over rising interest rates and slower economic expansion, according to the Bangko Sentral ng Pilipinas (BSP). This was the lowest level […]
Read MoreMANILA, Philippines — The Philippines and Indonesia have agreed to strengthen their cooperation against smuggling, a move seen to pave the way toward improved regional efforts against illicit cross-border trade, according to the Department of Finance (DOF). In a letter, Finance Secretary Carlos Dominguez and Indonesian Finance Minister Sri Mulyani Indrawati said they are both open to work with their countries’ respective customs […]
Read MoreMANILA, Philippines — Rising prices of power and fuel are becoming major roadblocks to increasing foreign investment in the country, an economist from the Asian Institute of Management (AIM) said. In a presentation made during the recent 4th International Symposium on Asian Development Studies hosted by the Philippine Institute for Development Studies (PIDS), AIM economist […]
Read MoreMANILA, Philippines — A group of local tobacco farmers has appealed to the government to reconsider the proposal to increase anew excise taxes on tobacco products. In a letter to the Department of Finance (DOF), Senate, and House of Representatives, the PhilTobacco Growers Association Inc. (PTGA) expressed its opposition against the proposed excise tax hike […]
Read MoreMANILA, Philippines — A Thai agro-industrial conglomerate has committed to buy sweet sorghum, a grain crop used as raw material for feeds, from the country as the Department of Agriculture (DA) starts the propagation of the commodity amid tight supply of corn for the growing livestock industry. Agriculture Secretary Emmanuel Piñol said Thai-based Charoen Pokphand […]
Read MoreMANILA, Philippines — Soaring fuel prices took its toll on the profitability of local airlines in the nine months ending September. In separate financial reports to the Philippine Stock Exchange, the listed operator of Philippine Airlines (PAL) said the company widened its net loss in the first three quarters, while Cebu Air Inc. saw its […]
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Thailand
