MANILA, Philippines — The national government‘s fiscal deficit widened by almost four times to P115.9 billion in the first four months from the P30.2 billion recorded in the same period last year, the Department of Finance (DOF) reported yesterday. The latest deficit figure, however, was 31 percent short of the P167.1 billion target for the […]
Read MorePETALING JAYA: The Government has embarked on a cost-cutting spree following its latest move to disband several agencies and cut the salaries of ministers by 10%. Apart from these measures, the new administration will also review the country’s mega-projects, with the possibility of them being scrapped. Experts have hailed the move intended to reform the […]
Read MoreState-owned electricity company PLN has said it will postpone its plan to issue global bonds, initially set to be carried out this month, because of the rupiah’s depreciation against the US dollar. However, PLN spokesman I Made Suprateka said in Jakarta on Tuesday that the company would go ahead with its preparation to obtain the […]
Read MoreMANUFACTURING continued to lead Singapore’s economic growth in the first quarter, but the services sector is fast catching up, based on the latest data by the Ministry of Trade and Industry on Thursday. The sector, which was also the key economic growth driver last year, grew 9.8 per cent in Q1 2017 compared to a […]
Read MoreCondominium prices on Sukhumvit Soi 39 and the Thong Lor area have surged by 40% over the past five years. Thong Lor also takes the cake for the highest rental costs in Bangkok at 1,000 baht per square metre per month, reported property consultant Nexus Property Marketing Co. Managing director Nalinrat Chareonsuphong said the company, […]
Read MoreRising oil prices are unlikely to create a major headwind for the country’s ongoing economic growth, a sharp departure from the financial turbulence experienced after oil prices hit UScopy00 a barrel for the first time in 2008, says Deputy Prime Minister Somkid Jatusripitak. Mr Somkid’s position, however, has sparked a wave of scepticism from the private […]
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Thailand
