The 10 members of the association along with China, Japan and South Korea, in their summit earlier this month, announced that they have devised a specific plan to include local currencies in their financial transactions to reduce Asia’s reliance on the US dollar. According to a report by business journal Nikkei Asian Review, the association […]
Read MoreMANILA, Philippines — The country’s raw sugar production is expected to marginally improve in the next crop year despite the effects of the El Niño phenomenon, the United States Department of Agriculture (USDA) said. In the latest report of the USDA Foreign Agricultural Service (FAS), the Philippines is seen to produce 2.2 million metric tons […]
Read MoreSINGAPORE is a step closer to fulfilling its aim to become an international debt restructuring hub, akin to London or New York, after a landmark ruling by an English court to recognise the city-state’s new moratorium law for insolvency and corporate restructuring. This comes after the High Court of England and Wales last month recognised the reprieve granted by […]
Read MoreJAKARTA: Indonesia’s palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising to 3.95 million tonnes in March from 3.80 million tonnes in the previous month, according to […]
Read MoreSix additional projects worth a combined 85 billion baht are expected to seek the Public-Private Partnership (PPP) committee’s approval this year to proceed under the joint investment scheme. Any of the six projects that are ready for investment can be proposed to the PPP committee without waiting for a new government to form, said Prapas Kong-Ied, director-general […]
Read MoreMANILA, Philippines — The Philippines now has more room to unwind last year’s monetary policy tightening as inflation is now under check, but must carefully assess if lowering policy rates would spur growth, according to multilateral banks. The Monetary Board will convene on May 9, the day the first quarter gross domestic product (GDP) performance […]
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Thailand
