MANILA, Philippines — The country’s metallic production continued its upward trend, driven by the nickel sector as the Philippines benefitted from the ore export ban in Indonesia. Latest data from the Mines and Geosciences Bureau (MGB) showed that aggregate value of metal production increased by seven percent to P130.73 billion last year. This marks a […]
Read MoreThe retail price of gasoline has dropped by 36 percent, spurred by the ongoing COVID-19 pandemic, which has created volatile global oil prices According to a data graphic from the Ministry of Commerce released on Thursday, regular petrol went from 3,550 riel ($0.88) to 2,250 riel ($0.56) per litre, representing a 36.6 percent decrease. The […]
Read More[JAKARTA] Indonesia’s central bank will be prepared to buy government bonds in the primary market in two weeks, governor Perry Warjiyo told reporters on Friday, but reiterated that Bank Indonesia (BI) will buy bonds only as a last resort. BI and the government is currently smoothing out the technicalities for the policy, announced earlier this […]
Read MoreThe International Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of 1.0 percent this year before surging 8.5 percent next year. A Phnom Penh based investment and financial consultant said that for Cambodia to achieve the […]
Read MoreMANILA, Philippines — The Energy Regulatory Commission (ERC) has allowed distribution utilities (DUs) and retail electricity suppliers (RES) to defer electricity billings falling due within the extended enhanced community quarantine. In its latest advisory, the ERC directed all DUs and RES not to impose interest, penalties, fees and other charges. Moreover, the power regulator said […]
Read MoreThe Microfinance Association of Cambodia (CMA) has said that the association, including its members, are dealing with the clients of microfinance institutions affected by the COVID-19 epidemic on the loan restructure. They said CMA remains open for official access to finance from the people through the financial system, and ensuring the finance is inclusive and […]
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Thailand
