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Mohd Irwan: Malaysia’s 2017 GDP growth can hit 5% or more

CYBERJAYA: Malaysia’s economy can grow 5% or more this year, based on the country’s first-half performance, said Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah. “The country’s economy is performing well, and I personally think we can achieve 5% or more in GDP growth, backed by the strengthening economic environment, the increase in exports […]

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Cambodia, Myanmar tour pact

Cambodia and Myanmar are discussing a plan to attract tourists to ancient temples in both nations. The plan will encourage people to visit Cambodia’s Siem Reap province and Myanmar’s Bagan province, where each country’s most famous temples are. The campaign will be branded “two countries one destination”. In Thoeun, deputy director-general at the Tourism Ministry, […]

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Philippines: Govt debt grows 7.8% to P6.34T in May

NATIONAL government debt rose 7.8 percent year-on-year to P6.34 trillion in May, but fell from April after the government redeemed some of its securities and a stronger peso cut the value of the try’s dollar bonds, the Bureau of the Treasury (BTr) said on Monday. The Treasury did not offer any explanation for the year-on-year […]

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Indonesia: 7 – Eleven Must Provide Transparency, OJK Says

TEMPO.CO, Jakarta – Nurhaida, the Financial Services Authority’s director for market supervision, asks 7-Eleven’s holding company Modern Internasional’s (IDX: MDRN) to provide transparent public disclosure following the closing of all 7-Eleven stores in June. Nurhaida said the 7-Eleven’s closing has become a public discourse. “Because their parent company is an open company, then in accordance to provisions, there must […]

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Indonesia: Govt to Release Rules on Minimarkets, Retailers

TEMPO.CO, Jakarta – The government will issue a presidential regulation (Perpres) on retailers and minimarket businesses in Indonesia. Coordinating Minister for the Economy Darmin Nasution said the rule will be followed by a Trade Ministers Regulation. Darmin said in Jakarta on Monday that his ministry has finished discussing the bill. He asserted that the regulation is not aimed at […]

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