MANILA, Philippines — Domestic trade grew 5.4 percent in the first quarter as more food products and live animals were traded nationwide, according to the Philippine Statistics Authority (PSA). The total quantity of goods traded locally rose to 5.11 million tons in the first three months from 4.85 million tons in the same quarter in […]
Read MoreKUALA LUMPUR: Moody’s Investors Service is maintaining its estimate of Malaysia’s direct government debt at 50.8% of GDP in 2017. It said on Wednesday its assessment of contingent liability risks posed by non-financial sector public institutions has also not changed following some statements by the new Federal Government led by Pakatan Harapan which won the […]
Read MoreCoordinating Economic Minister Darmin Nasution has estimated that inflation will reach 0.20 to 0.25 percent in June, due to controllable prices of staple foods during the Ramadhan fasting month and ahead of the Idul Fitri holiday. “The prices are in OK condition. The prices of rice and meat are all OK,” said Darmin in Jakarta […]
Read MoreThe Hanoitimes – The equitization of State-owned enterprises (SOEs) has remained unattractive to foreign investors due to regulations on limiting the foreign ownership at 49 percent, experts said, suggesting the government to remove it. In fact, only about eight deals between large SOEs and foreign strategic investors have been completed over the past years, including Japan’s […]
Read MoreMANILA, Philippines — The Philippine government has called for closer cooperation between the Russian Federation and the Association of Southeast Asian Nations in the field of customs administration. In a recent meeting with Russian Ambassador to the Philippines Igor Khovaev, Finance Secretary Carlos Dominguez III said the head of Russia’s Federal Customs Service should tour […]
Read MoreHONG KONG/SINGAPORE: Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said. The review may result in the Malaysian regulator putting the requirement in abeyance, the […]
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Thailand
