MANILA, Philippines — The peso is expected to remain one of the most stable currencies in the region as it emerged as the second best performing currency after the Thai baht, according to the Department of Finance (DOF). Finance Undersecretary Gil Beltran said in his latest economic bulletin the peso appreciated by 2.82 percent to […]
Read MoreIndonesia’s Mandiri Bank, a state-owned institution, has announced its intention to enter the Cambodian and Laotian markets and has set up large investment funds to aid the move. For in depth analysis of Cambodian Business, visit Capital Cambodia Local media reported on Friday that Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying […]
Read MoreJapanese investors have urged the government to continue key economic policies including megaproject developments, the Eastern Economic Corridor (EEC) and the Thailand 4.0 initiative. On Monday Deputy Prime Minister Somkid Jatusripitak met with Shinji Nakano, president of the Japanese Chamber of Commerce (JCC), Bangkok, who called for government stimulus measures as soon as possible. “I […]
Read MoreInvestors may find safety in Philippine equities as trade tensions ravage most regional markets, analysts from Credit Suisse Group AG and Citigroup Inc said, citing the positive outlook for economic and earnings growth. Forecasts for economic growth exceeding 6% over the next two years, positive year-to-date earnings revisions and room to ease borrowing costs can […]
Read MoreThe new industry minister on Monday urged the central bank to intervene more in foreign exchange markets to help private companies suffering from the strengthening baht. Suriya Juangroongruangkit also said at the Bangkok Post Forum that he will seek to discuss baht strength soon with Bank of Thailand governor Veerathai Santiprabhob. “If I can beg… the central bank […]
Read MoreThe Myanma Timber Enterprise (MTE) will halve the annual limit for logging teak and hardwood from natural forests in 2019-20, producing just enough timber to meet production costs, U Ohn Win, Minister of Natural Resources and Environmental Conservation, said yesterday. He added that logging will be restricted to trees aged 30 years and above in […]
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