MANILA, Philippines — The Philippines needs to clarify its position on natural gas resources given the impending expiration of the franchise of the Malampaya gas field in 2024, a lawmaker said. “There is a need to clarify the government’s policy on our natural gas resources given the complexity of the industry, the current lack of […]
Read MoreSINGAPORE’S economic outlook for 2018 remains positive despite global trade risks, said the Monetary Authority of Singapore (MAS) in the April edition of its half-yearly macroeconomic review, released on Friday. It reiterated its expectation for full-year gross domestic product (GDP) growth to come in “slightly above the middle of the forecast range” of 1.5 per […]
Read MoreRepresentatives of Cambodia, Thailand and Vietnam gathered yesterday in Phnom Penh to discuss ways of improving trading procedures in Asean, particularly in agricultural goods, as part of a workshop organised by German development agency GIZ. Participants identified two priority areas to be addressed during the workshop and in future negotiations: streamlining bureaucratic procedures and harmonising […]
Read MoreBank Indonesia (BI) Governor Agus Martowardojo says the central bank is open to increasing its benchmark seven-day reverse repo rate, which is currently at 4.25 percent, if the pressure on the rupiah continues. “If the pressure on the rupiah persists and potentially disrupts financial-system stability, BI will not reject the option of increasing the reference […]
Read MoreMANILA, Philippines — S&P Global Ratings has raised its outlook for the Philippine economy, increasing the prospect of a rating upgrade for the country on the back of improving policymaking and solid economic growth. In a press release issued late Thursday, the debt watcher said it revised its outlook for the Philippines to “positive” from […]
Read MoreThe General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. GDT’s director general Kong Vibol announced the figures yesterday during his department’s monthly meeting, and said the positive results are the […]
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Thailand
