MANILA, Philippines — The national government spent P99.66 billion in July to settle its debt, a sharp 136 percent increase from P42.08 billion in the same period last year, the Bureau of the Treasury (BTr) reported yesterday. This brought the national government’s debt service to P478.03 billion in the first seven months, down 13 percent […]
Read MoreTEMPO.CO, Jakarta – East Ventures, a Southeast Asian venture capital company, announced an investment of 30 million USD for Indonesian startups. This is the sixth fund collected and managed by the three founders of East Ventures; Willson Weather, Batara Eto, and Taiga Matsuyama. A recent report by A.T.Kearney stated that investment in Indonesia is soaring due to strong macroeconomic […]
Read MoreTEMPO.CO, Jakarta – The Jakarta Provincial Government proposed some changes to its 2017 regional budget. They proposed a 2.43-percent budget increase to Rp71.89 trillion from the previous figure Rp70.19 trillion. Jakarta Governor Djarot Saiful Hidayat said that in addition to increasing the budget and allocating funds for new activities, the amendment is also aimed to reduce the budget for unexecuted […]
Read MoreTEMPO.CO, Jakarta – Heru Pambudi, director general of customs and excise at the Finance Ministry, said that the cigarette excise increase for 2018 will be announced in the next two or three weeks. “Since the decision is not yet final, I can’t reveal [the amount of the excise increase for next year], Heru said during a talk show held […]
Read MoreMYANMAR is one of the fastest growing economies in the Southeast Asia region, with GDP having risen by an average of 7 percent in the past decade. The economy has expanded on the back of rising trade. Since 2010, the volume of containers arriving in Myanmar’s ports is up three times, reaching 1 million twenty-foot […]
Read MoreAS the top destination of Chinese investments, ASEAN means business when it comes to the Belt and Road Initiative (BRI), a trade body said. The initiative is expected to require “staggering” infrastructural investments in Asia’s developing economies. Jointly organised by the territory’s government and its trade body, the Hong Kong Trade Development Council (HKTDC), the […]
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Thailand
