MANILA, Philippines — Philippine banks have converted part of their loan exposure to Hanjin Heavy Industries & Construction Philippines Inc. (HHIC-Phil) into shares in the shipbuilder’s parent company in South Korea, according to Rizal Commercial and Banking Corp. (RCBC). In a press briefing, RCBC senior executive vice president John Thomas Deveras said concerned Philippine creditors […]
Read More[SINGAPORE] Last year, Singaporean chemicals factory boss Erman Tan took his employees on a cruise to the Malaysian island of Penang. This year, Mr Tan says the best he can offer is to watch a video of the trip. Singapore’s economy is expected to grow at its slowest pace in a decade this year, and […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has directed the Privatization Management Office (PMO) and Philippine Deposit Insurance Corp. (PDIC) to discuss with the Commission on Audit (COA) ways to relax auditing rules that have slowed down the disposal of idle public assets. According to the DOF, Finance Secretary Carlos Dominguez wants these agencies […]
Read MoreThe Minister of Agriculture has rejected a request from a Vietnamese company for Cambodia to allow it to export pigs into the Kingdom, while Vietnam continues to suffer a serious outbreak of African swine fever. General Directorate of Animal Health and Production director-general Tan Phannara said after the meeting on Monday that the Vietnamese representatives […]
Read MoreQatar and Cambodia have begun talks to sign two draft agreements aimed at expanding trade and investment between the two countries. For in depth analysis of Cambodian Business, visit Capital Cambodia Qatari Ambassador Mohamed Ismail Al Emadi told Cambodia’s acting Commerce Minister Kem Sithan in a meeting yesterday that since trade and investment exchanges between the […]
Read MoreThe Indonesian government has been urged to provide airlines with incentives so that they can lower airfares, the costliness of which has been blamed for stagnation in the tourist industry. Indonesian Transportation Society (Masyarakat Transportasi Indonesia, MTI) aviation analyst Suharto Abdul Majid said on Sunday that the government should not instruct airlines to decrease the […]
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Thailand
