MANILA, Philippines — A United Nations agency has kept its 2018 growth estimate for the Philippines, amid broadly stable outlook for economic growth in the Asia Pacific region. The Philippine economy will likely grow by 6.8 percent this year and beat the 6.7 percent actual expansion in 2017, said the report released by the UN […]
Read MoreThailand remained the second-most popular destination for Chinese tourists to spend money via the Alipay platform during the Labour Day holiday (April 29 to May 1). Millions of Chinese have just returned from their annual Labour Day holiday. Overseas spending on the Alipay mobile application skyrocketed during May Day this year compared with last year, said […]
Read MoreA slew of ride-hailing ventures are taking to the gridlocked streets of Manila, undeterred by the market dominance of Grab now that it controls Uber in the Philippines. Hype Transport Systems Inc. and Ipara Technologies and Solutions Inc. are just two of the five new entrants approved by the regulator since Grab agreed to take […]
Read MoreThe government would be wise to boost household consumption, the country’s biggest economic engine, as the component has continued to show signs of a weak recovery in the first three months of the year, experts have said. Household spending, which accounted for more than half of the gross domestic product (GDP) of Southeast Asia’s largest […]
Read MoreSINGAPORE banks appear to be firing on all cylinders in the first quarter of 2018, with loan growth at a healthy clip and much of the bad loans behind them. All three banks are expecting loan growth of just under 10 per cent for the full year. Analysts are, however, watching developments in trade tensions, […]
Read MoreBusiness operators are crying foul over a new law that caps the share of migrant workers at 20%, saying the regulation poses a “critical obstacle” for small and medium-sized enterprises (SMEs) struggling to cope with labour shortages. The Act on the management of migrant labour will cap their employment at 20% of a company’s workforce, effective […]
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