8-month deficit expands more than 6-fold MANILA, Philippines — The country’s fiscal deficit widened further to P740.7 billion in the eight months to August, a sharp 515 percent increase from P120.4 billion a year ago as the coronavirus pandemic continued to weaken revenues amid an increase in spending, the Bureau of the Treasury (BTr) said. […]
Read MoreSINGAPORE’S banking system may be among the first to recover to pre-Covid-19 levels, S&P Global Ratings said in a report on Thursday. The Republic’s banking system was identified as an “early-exiter” with low negative impact when it comes to recovery prospects for banking jurisdictions. Expected recovery will be by the end of 2022. S&P said […]
Read MoreTen years after the Vietnam-Japan Economic Partnership Agreement entered into force in 2009, with import tariffs removed already, Japanese consumer goods suppliers are looking into bolstering their presence in the Vietnamese market amid local and regional competition. Home appliance trader Awa Co., Ltd. is looking for Japanese suppliers of healthcare and beauty products to complement […]
Read MoreTHE Philippines seeks investments in nuclear energy as it is moving closer to adoping this power source, according to the Department of Energy (DoE). In his speech at the International Atomic Energy Agency (IAEA) Scientific Forum on Tuesday, Energy Secretary Alfonso Cusi said he hoped “our update would open doors for potential collaborative opportunities in […]
Read MoreBUSINESS sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a new survey showed. Asian firms’ outlook for the next six months tracked by the Thomson Reuters/Insead Asian Business Sentiment Index jumped to 53 in the third quarter […]
Read MoreCargo ships returning empty from destination ports is a core challenge for the government’s so-called maritime highway five years after its initiation, officials and experts say. The maritime highway program subsidizes shipping on certain routes for the distribution of basic and important consumer goods as well as steel and cement to remote regions of the […]
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