MANILA: Philippine finance secretary Carlos Dominguez said the economy would sustain growth exceeding 6% this year, as investment and infrastructure spending help counter the impact of higher interest rates. “We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali yesterday, when asked about inflation. […]
Read MoreSINGAPORE: Singapore’s central bank tightened monetary policy for a second time this year, encouraged by steady economic growth despite worsening U.S.-China trade tensions. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, raised the slope of its currency band slightly, according to a statement on its website Friday. That […]
Read MoreOver the last few years, more and more building projects featuring a combination of residential units, hotels, shopping centres and office spaces have been coming up around the city. The projects, called mixed-use developments, will add to the vibrancy of the city although there are those who fear they will compound the traffic situation. The […]
Read MoreKUALA LUMPUR (Oct 11): Malaysia’s industrial production index (IPI) increased 2.2% in August 2018 from a year earlier as manufacturing and electricity output rose, the Statistics Department said today. In a statement today, the department said the IPI’s manufacturing and electricity segments increased 4.3% and 4% respectively while the mining component declined 4.6%. “The Department […]
Read MoreGovernment is amending the tax laws to be clear as well as going to use IT technology for taxpayers to pay tax easily. The government will make existing tax laws clearer and start using technology to enable taxpayers to pay their taxes more conveniently. The tax collection system will be changed from the current paper-based […]
Read MoreEconomists in Southeast Asia have lowered their growth projections as the U.S.-China trade war heats up and emerging markets face deepening turmoil, a new survey shows. The 2018 growth forecast for the five biggest Association of Southeast Asian Nations economies — Indonesia, Malaysia, the Philippines, Singapore and Thailand — was cut by 0.1 of a percentage point […]
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Thailand
