MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and the Bank of China are set to formally ratify next week the establishment of a system that will allow local banks to directly exchange renminbi (RMB) to peso and vice-versa at better rates. Bank of China and BSP are scheduled to sign on Oct.30 the […]
Read MoreTHE Department of Industrial Works (DIW) is easing conditions for manufacturers by moving to abolish the extension of factory licences on an annual basis. Instead, the department plans to have factories adopt a self-declare approach under a reform expected to start late this year or early next year. Industry Minister Uttama Savanayana said that the […]
Read MoreThe US-China trade war has had a limited impact on the Singapore economy so far, but the negative spillovers could become more pronounced in the latter half of 2018 and next year, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Friday. This could result in a drag to growth in […]
Read MoreTEMPO.CO, Jakarta – The direct flight from Indonesia to Cambodia is targetted to be realized in January or March 2019. The discussion on the route is entering the technical issue. “An airline has sounded out to join but I can yet mention the name,” said Indonesian Ambassador to Cambodia, Sudirman Haseng, when met in Jakarta, October 25. According to […]
Read MoreMANILA, Philippines — Prospects for a broader and deeper integration between ASEAN economies and China in the coming decades are “bright” as these countries complement each other in their economic goals, according to a new report by the ASEAN+3 Macroeconomic Research Office (AMRO). In a report titled “China’s Reform and Opening-Up Experiences, Prospects and Implications […]
Read MoreSMALL and medium-sized enterprises in Singapore are seizing on the opportunities presented by Internet of Things technology as part of efforts to digitalise traditional businesses ranging from airport gateway services to restaurants. Among the companies making this leap is Sats Ltd, which uses a small cargo robot, known as an automated guided vehicle (AGV), that […]
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Thailand
