MANILA, Philippines — The Bangko Sentral ng Pilipinas lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households. In a statement, the BSP said it raised the rediscount rates for loans under the peso rediscount facility to 5.0625 percent from 4.5625 percent for loans with […]
Read MoreThe office market is likely to face fierce competition in the next 3-4 years as the supply of Grade A office spaces increases by 30% from 1.175 million in the central business district (CBD), says Nexus Real Estate Advisory. The consultancy recommends landlords conduct maintenance to keep their buildings looking new for better rental rates. “Over […]
Read MoreKUALA LUMPUR: The rising tension between the US and China will not have an immediate impact on Asean’s economic growth as a majority of the countries in the grouping have a domestic demand-driven economy and are backed by sound economic and policy fundamentals. S&P Global Ratings Economist Vincent Conti said the movement of emerging currencies […]
Read MoreAs part of plans to adapt to technological trends, the government announced last week the construction of a centre inside one of the nation’s leading universities that will focus on the skills young tech entrepreneurs need to succeed in the digital economy. Dubbed the ‘Techo Startup Centre’, the facility will teach the skills demanded in […]
Read MoreThe Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]
Read MoreThe Public Health Ministry’s proposed tax hike legislation on cigarette packs, aimed at subsidising expenses of the gold card healthcare scheme, has to comply with the Finance Ministry’s fiscal discipline regulations, says Finance Minister Apisak Tantivorawong. Mr Apisak said he has not been notified of the move to raise the levy by two baht per cigarette […]
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