MANILA, Philippines — The World Bank has downgraded its 2019 growth forecast for the Philippines to 5.8 percent, taking into account the weak and uncertain external environment and the slowdown in public investments in the first semester. In its Philippines Economic Update, the multilateral bank has downgraded its 2019 growth forecast for the Philippines from […]
Read MoreSINGAPORE (REUTERS) – Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers. Singapore still leads on overall IPOs in South-east Asia in 2019, but it has achieved this mainly through offerings of real estate and business trusts. Asset […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) are urging lawmakers to ease the bank secrecy law to effectively implement the proposed amnesty program for taxpayers with unpaid obligations. According to Finance Secretary Carlos Dominguez, the BSP is one with the DOF in its position that a general […]
Read MoreMANILA, Philippines — The yields of term deposit rates further dropped across the board as banks continued to swarm the liquidity absorption facility of the Bangko Sentral ng Pilipinas (BSP) after a series of interest rate cuts. The seven-day tenor fetched 4.2348 percent, or 1.53 basis points lower than last week’s 4.2501 percent, while the […]
Read MoreMANILA, Philippines — The Philippines slipped eight places to rank 64th out of 141 countries in the latest Global Competitiveness Report of the World Economic Forum (WEF) from 56th place last year amid lower rankings in the information and communication technology (ICT) adoption and macroeconomic stability pillars. The WEF report released by local partner institute […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission has issued new requirements for fund managers of real estate investment trusts (REITs). Under the proposed amendments to the implementing rules and regulations of the Real Estate Investment Trust Act of 2009, majority of the members of the board of the REIT fund manager must be independent […]
Read More
Thailand
