MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation to remain elevated at a fresh nine-year high of 5.9 percent in August on the back of higher oil, rice, and food prices due to weather disturbances as well as more expensive power rates. The central bank’s Department of Economic Research (DER) said inflation may settle at a range of […]
Read MorePresident Joko “Jokowi” Widodo welcomed the billionaire co-founder of Chinese e-commerce giant Alibaba, Jack Ma, at Bogor Palace on Saturday. The President and the billionaire held a meeting partly to discuss the Asian Games 2022, which will be held in Hangzhou, China. Hangzhou is the city where Ma lives, as well as the location of […]
Read MoreThe Hanoitimes – Uniqlo will begin recruiting local talent as it prepares to open its store in “one of the region`s most exciting, high-growth economies,” it claimed. Uniqlo, the Japanese global apparel retailer, on August 30 announced its launch in Vietnam, with plans to open its first store in Ho Chi Minh City during fall 2019, […]
Read MoreMANILA, Philippines — The government plans to declare more mineral reservation areas in the country to help provide equitable access to mineral resources and generate additional non-tax revenues for the government. The Department of Environment and Natural Resources (DENR) and the Mines and Geosciences Bureau (MGB) is now in the process of identifying “mineralized areas and high mineral potential […]
Read MoreBank Indonesia (BI) is intensifying efforts to stabilize the rupiah after its value against the US dollar bore the brunt of negative sentiments from the currency crisis in Argentina. BI Governor Perry Warjiyo said the central bank was upping the ante of its dual intervention policy in both the foreign exchange and secondary bond markets […]
Read MoreAs financial market meltdowns in Argentina and Turkey spread through global emerging markets, Indonesia is feeling the pain more than its peers in Asia. The rupiah slumped to its weakest level against the dollar since the 1998 Asian financial crisis, prompting the central bank to step up its efforts to stabilize the currency. Bank Indonesia has been […]
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