Honda sole agent in Indonesia PT Honda Prospect Motor (HPM) kicked off Tuesday the production of the export-oriented All New Honda Brio cars at its factory in Karawang, West Java. Speaking at the event, Trade Minister Airlangga Hartarto praised HPM’s effort to increase the exports of its products, including the All New Brio cars. “The maiden […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation to ease until the third or fourth quarter of the year before stabilizing next year due to high base last year. BSP Deputy Governor Diwa Guinigundo said the downward trajectory of inflation would continue this year before stabilizing at around three percent in 2020. […]
Read MoreMANILA, Philippines — Corporations in the Philippines may still retain their specific corporate terms instead of having perpetual existence as now allowed by the Revised Corporation Code of the Philippines, according to the Securities and Exchange Commission. According to the SEC’s draft guidelines on corporate terms, a decision to retain the specific corporate term of […]
Read MoreMANILA, Philippines — Chinese investors are looking at participating in more infrastructure projects in the Philippines under the Build Build Build program of the Duterte administration. More than 500 investors based in Beijing and nearby areas attended the Philippine Economic Briefing held by economic managers led by Finance Secretary Carlos Dominguez. China is among the […]
Read MoreMANILA, Philippines — The country’s current account deficit has remained manageable despite widening to a record high of $7.9 billion in 2018, a senior official of the Department of Finance (DOF) said over the weekend. In his latest economic bulletin, Finance Undersecretary Gil Beltran said the Philippines’ current account deficit is “financeable” given the surplus […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) decided anew yesterday to keep interest rates steady for the meantime as it recognized risks to economic growth due to the failure of Congress to pass the 2019 national budget. In a press conference, BSP Governor Benjamin Diokno said the Monetary Board kept the overnight reverse repurchase rate at 4.75 […]
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