SINGAPORE: Singapore’s central bank is widely expected to keep policy steady next week, with the economy seen on track to meet the official full-year forecast despite an expected contraction in the first quarter. Eighteen of 19 analysts in a Reuters survey predicted that the Monetary Authority of Singapore (MAS) would keep its exchange-rate based policy […]
Read MoreMACTAN 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 More
Thailand
