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Philippines: More laws needed to ease investment restrictions – NEDA

MANILA, Philippines — Further easing restrictions on foreign investments after the recent signing of the 11th Foreign Investment Negative List (FINL) would fall largely on Congress through the amendments of laws that cap foreign equity in viable industries, the National Economic and Development Authority (NEDA) said. Socioeconomic Planning Secretary Ernesto Pernia said a lot still […]

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Indonesia: Transportation Ministry to Soon Ratify Online Taxi Regulation

TEMPO.CO, Jakarta – Director General of Land Transportation Budi Setyadi said the Ministry of Transportation will finalize the online taxi regulation this month and will be ratified on November 20. The regulation will replace the Ministerial Regulation No. 108 of 2017 regarding online transportation. It also regulates the rates and other aspects, such as safety, security, and comfort. In […]

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Indonesia cannot avoid high interest rates: BI

Bank Indonesia deputy governor Dody Budi Waluyo has said that Indonesia cannot avoid pursuing a high interest rate policy as central banks of other countries were also raising interest rates. “The risk that is our main focus is exports. The next is that our peers are tending to impose higher interest rates,” he said in […]

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