MANILA, Philippines — The government incurred a fiscal deficit of P234.9 billion in the first 10 months, widening by nine percent from the P216 billion shortfall recorded in the same period last year amid the Duterte administration’s efforts to ramp up public spending, the Bureau of the Treasury reported yesterday. For October alone, the government’s […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani expects Indonesia’s upcoming political year will not negatively affect the country’s economy. Indonesia is set to hold the simultaneous regional elections in 2018 and the presidential election in 2019. Next year, according to Sri Mulyani, Indonesia will hold 171 regional elections, “Those regions are considered to be the engine for the country’s […]
Read MoreJAKARTA: Jakarta food and beverages retailer Ong Tek Tjan sells ice cream in cups his customers can eat afterwards, instead of throwing away – they are made from seaweed and taste like jelly, in flavours from peppermint to green tea. Indonesian startup Evoware, which makes the cups, as well as other containers, from farmed seaweed […]
Read MoreSHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]
Read MoreMANILA: Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to liberalise an economy long criticised as restrictive. The directive, made public on Thursday, said the aim was to pursue stronger economic growth, create fairness and to enable […]
Read MoreSupplement maker Me Infinity Thailand is betting its entry into the Cambodian market with an energy drink can double the company’s revenue after a few lean years in the local market. The company’s revenue fell 50% from 2016 to 2017, down to 100 million baht, in large part because of the passing of the late […]
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Thailand
