[JAKARTA] Indonesia’s government is tightening requirements to force companies to repatriate revenue from the export of natural resources, a minister said on Friday, as authorities seek to support a fragile rupiah currency. Special accounts will be created for exporters to deposit export revenue at local banks to allow for better monitoring by the government, Darmin […]
Read MoreMANILA: The Philippine central bank raised its benchmark interest rate for a fifth straight meeting to curb inflation, joining Indonesia in tightening monetary policy yesterday. Bangko Sentral ng Pilipinas increased the overnight reverse repurchase rate by 25 basis points to 4.75%, the highest since 2009, it said in a statement in Manila. Rates have been […]
Read MoreSINGAPORE and the US strengthened their collaboration on infrastructure, the digital economy and cybersecurity this week, renewing the US-Singapore Collaboration Platform Memorandum of Understanding (MOU) and signing a Declaration of Intent (DOI) to collaborate on a Singapore-US Cybersecurity Technical Assistance Programme for Asean member states. On Tuesday, Ministry of Trade and Industry (MTI) permanent secretary Loh […]
Read MoreMANILA, Philippines — Publicly-listed Philippine Telegraph and Telephone Corp. (PT&T) is moving toward the transformation of the company into a digital services provider, offering a wide range of telecommunications and IT services under its new management. PT&T, which celebrated yesterday its 56th year of service, said it would move forward with its plans to offer […]
Read MoreHead of the National Development Planning Board (Bappenas) Bambang Brodjonegoro said on Thursday the government had offered a number of infrastructure projects to the French government and investors through government-to-business (G2B) schemes. He expressed the hope that French businesspeople would be interested in investing, particularly in the transportation sector because that country had long experience in developing transportation infrastructure in large cities like Paris. […]
Read MoreGrab, Southeast Asia’s leading ride-hailing company, yesterday launched a new corporate solution in Cambodia, Grab for Business, a transport expense management solution designed for business users across the capital. The launch comes after a successful 5-month trial with 30 firms in Phnom Penh, with Grab providing safe and convenient business commute to employees, covering a […]
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Thailand
