MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged […]
Read MoreThe Ministry of Home Affairs’ Bureau of Special Investigation (BSI) will record gold prices twice a day to deter price manipulation, said U Myo Myint, chair of the Yangon Region Gold Entrepreneurs Association, refuting rumours that the bureau was investigating local gold businesses. “Government departments including the township police station, township general administrators and BSI […]
Read MoreThe CLMV (Cambodia, Lao, Myanmar and Vietnam) countries have agreed on a framework for economic development, which will be submitted to CLMV’s leaders to approve next year, the Ministry of Commerce announced on Wednesday. The announcement was made following the 11th CLMV Economic Ministers’ Meeting during the 51st Meeting of the Asean Economic Ministers which […]
Read MoreThe Bank of Thailand is likely to cut the policy rate by 25 basis points a single time during the remainder of the year to prop up the moribund economy amid growing uncertainties, according to the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank (SCB). Risks will prompt the Monetary Policy Committee […]
Read MoreCambodia and Laos will sign an agreement today under which the Kingdom will purchase 2,400 megawatts from its neighbour, with the first transfer scheduled for 2024. The power deal, which will be valid for 30 years, was approved yesterday by the Council of Ministers. Tomorrow’s signing ceremony will be presided over by Cambodian Prime Minister […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has strengthened its financial consumer protection framework in light of the increased complexity of financial products and rapid technological innovations in financial products and services. BSP Governor Benjamin Diokno has issued Circular 1048 stating that the Monetary Board has approved the revision of the framework issued […]
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