MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising to between three and 3.8 percent this month due to higher oil prices as well as more expensive power and water. BSP Governor Amando Tetangco Jr. said inflation would remain elevated due to the upward adjustments in electricity and water rates as well […]
Read MoreThe Fiscal Policy Office (FPO) has raised its 2017 export growth forecast to 3.3% but is maintaining its economic growth projection at 3.6%. The upward revision of its 2017 export growth forecast from 2.5% predicted in January should have minimal effect on the overall economic growth estimate, said director-general Krisada Chinavicharana. The 160-billion-baht mid-year budget […]
Read MoreMANILA, Philippines – The Philippines has taken the limelight in Southeast Asia not only as the host of the ASEAN Summit this year, but also as a center of infrastructure development in the region given the government’s aggressive infrastructure push. The country’s lead infrastructure agencies said in a press briefing yesterday their respective infrastructure development […]
Read MoreThe Myanmar government is wooing Thai steel producers to set up a joint venture to produce hot-rolled coil steel in Bagan, according to the secretary-general of the Iron and Steel Club under the Federation of Thai Industries (FTI), Korrakod Padungjitt. He said the Myanmar government is building a steel factory in Bagan with total capacity […]
Read MoreThe Bank of Thailand has warned people to avoid investing in illegal digital currency called Onecoin, which spreading is in the country, saying it cannot be used as legal tender. “There have been invitations to invest in an electronic information unit called ‘Onecoin’, claiming it is a digital currency widely adopted around the world,” said […]
Read MoreJAKARTA — Indonesia’s central bank loosened regulations on reserve requirements on Friday to allow banks some flexibility to better manage liquidity, a step aimed at reducing volatility in the overnight money market. From July, banks must keep a minimum 5% of their total deposits at Bank Indonesia (BI) everyday and maintain at least a 6.5% […]
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