MANILA, Philippines — The Federation of Chinese Chambers of Commerce and Industry Inc. urged President Duterte to review the Rice Import Liberalization Law, saying it is drastically affecting farmers. In a press briefing on Friday, FCCCII president Henry Lim Bon Liong said farmers are already suffering because of the slump in the buying price of […]
Read MoreIt’s been over two years since the government laid a foundation for electric vehicle (EV) production in the country. The scheme has garnered 20-30 investment applications, covering car assembly, vital parts manufacturing and EV charging stations. The Board of Investment (BoI) has yet to grant investment incentives to all applicants, saying it’s considering many for […]
Read MoreMANILA, Philippines — Economists of private banks lowered anew their inflation forecasts for this year and next year due to easing global crude oil prices, base effects, implementation of non-monetary policy actions and mitigating measures against El Niño, according to the results of a survey conducted by the Bangko Sentral ng Pilipinas. Dennis Lapid, officer-in-charge […]
Read MoreThe rupiah strengthened to Rp 13,904 per US dollar at 12:53 p.m. on Friday, having strengthened 0.40 percent from the previous day, according to Bloomberg. Meanwhile, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah exchange rate stood at Rp 13,913 per dollar on Friday. The rupiah’s appreciation follows Bank Indonesia’s decision to cut […]
Read MoreFinance Minister Uttama Savanayana plans to propose policies targeting the grassroots economy, including expanding the benefits under the welfare card scheme and promoting e-commerce in the agricultural sector. Members of the Palang Pracharat Party, the largest in the governing coalition, congratulated Uttama on his position as the new finance minister on Friday. With the government’s […]
Read MoreWhile investors tend to withdraw capital from emerging markets and frontier markets, Vietnam is still the destination of foreign investors with foreign indirect investment (FII) in the first half of this year reaching $1.28 billion. According to State Securities Commission (SSC) chairman Tran Van Dung, from 2016 to last year, foreign investors have continuously been […]
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Thailand
