MANILA, Philippines — The country’s external debt slipped 6.7 percent in the first half due to the weakening of the peso and other regional currencies against the dollar, the Bangko Sentral ng Pilipinas reported over the weekend. BSP officer-in-charge Diwa Guinigundo said external debt stood at $72.5 billion in end-June, $5.2 billion lower than the […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that Indonesian foreign debt by the end of July reached 339.9 billion USD or grew 3.9 percent compared to that of July 2016 year on year (yoy). Through BI Foreign Debt Statistics announced in Jakarta on Friday, Sept. 15, BI mentioned that based on borrower group, the annual growth of foreign debt of private sector decreased, while that […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution said that trade surplus produces in August 2017 will still continue in the following months. Darmin explained that to maintain the continuity of Indonesia’s trade surplus, due attention needs to be given to winter periods in the United States and European countries. “Surplus will still continue. We will see when winter begins in the US and Europe, […]
Read MoreThailand has proposed Cambodia initiate a bus service that links the two countries and Vietnam which will strengthen connectivity between the Asean countries. The proposal was made during a meeting between Minister of Public Works and Transport Sun Chanthol and his Thai counterpart Arkhom Termpittayapaisith in Phnom Penh late last week. According to the ministry, […]
Read MoreTHE unique selling point of Myanmar is that it connects ASEAN, China and South Asia, businesses at the Hong Kong Belt and Road Summit told The Myanmar Times. The Belt and Road Initiative (BRI) is expected to provide the impetus to turn Myanmar into a hub, facilitating trade and transport between the three regions, but the lack […]
Read MoreMalaysia has proposed to Thailand a linkage between a deep sea port in Thailand’s Songkhla province and an international port in Malaysia’s Penang in order to shorten export time, said Thai Deputy Prime Minister Somkid Jatusripitak. A discussion on the proposal was held between Somkid and Malaysia’s second Finance Minister Johari Abdul Ghani yesterday, aimed […]
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