Investors 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 […]
Read MoreThe Deposit Protection Agency (DPA) is seeking the Bank of Thailand’s permission to get involved in the money refund process from e-wallet operators with an aim of facilitating convenience for service users. The agency discussed the service with the central bank, with consumer convenience to get money back from e-wallet operators as its focus, said […]
Read MoreFor the extensive operations of factories, Thilawa Special Economic Zone is in need of international-standard jetties and logistics services, said Win Aung, chair of Myanmar Thilawa Special Economic Zone Holdings Public Co., Ltd (MTSH). According to the MTSH’s annual report for 2018-2019 fiscal year, the MTSH is conducting preliminary surveys to transform the zone into a […]
Read MoreINFLATION likely slowed further in July as food prices sustained a decline, analysts said in a poll, adding that this would give space for the central bank to resume trimming benchmark interest rates after “a prudent pause” in its June 20 policy review. Estimates of 17 analysts and a research group yielded a 2.4% median […]
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