MANILA, Philippines — The Philippine bond market posted the second fastest growth in the East Asia region in the first quarter of 2019, driven by aggressive government and corporate borrowings, the latest bond monitor report of the Asian Development Bank (ADB) showed. The quarterly Asia Bond Monitor showed that the country’s outstanding local currency (LCY) […]
Read MoreSpecial Feature brought to you by UOB The concept of smart cities and Industry 4.0 took centre stage at the ASEAN Conference 2019, held earlier this month, even as participants grappled with concerns over rising trade tensions between the US and China. While there are headwinds to global growth, ASEAN’s potential remains intact, with more businesses expected […]
Read MoreSupervisory committees will be set up to supervise the construction of the high-speed rail network linking three key airports and other infrastructure projects in the government’s flagship Eastern Economic Corridor (EEC) to ensure that development meets international standards. On Tuesday, the EEC Office’s proposal to form the committees won cabinet endorsement. The supervisory committees will […]
Read MorePETALING JAYA: Property developers have overpriced their units to help buyers obtain extra cash, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said. Buyers secure a loan based on the inflated price in the sale and purchase agreement with extra cash at hand in what is termed as a “cash-back” […]
Read MoreThe Hanoitimes – The US tech giant is believed to ask its major suppliers to evaluate the cost implications of shifting 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a fundamental restructuring of its supply chain. Vietnam is among Apple’s favorites for smartphone diversification from China, according to […]
Read MoreMANILA, Philippines — The local currency is expected to come under pressure as the country’s external position worsens, ending 2019 at 55 to a dollar, London-based Capital Economics said. In a report, the macroeconomy research firm said the Philippines’ current account deficit is expected to widen further after bloating in the first quarter of the […]
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