MANILA, Philippines — More merger and acquisition (M&A) deals are expected to happen in the Philippines amid the country’s growing economy, according to Dutch financial giant ING Bank NV. Hans Sicat, country manager of ING Bank Manila, said 2018 was a good year for deal making in the Philippines as the bank participated in six […]
Read MoreWith the government aiming to turn Cambodia into a predominantly digital economy by 2023, micro, small and medium-sized enterprises (MSMEs) must strive to digitalise processes and integrate the latest technologies into their day-to-day operations in order to remain competitive, business insiders say. In its latest report, the World Trade Organisation (WTO) shed light on the […]
Read MoreBank Indonesia (BI) has assured the public that Indonesia’s economic fundamentals are improving, as indicated by the increase in foreign exchange reserves. Therefore, the central bank believes the unstable rupiah exchange rate is triggered by external factors. BI deputy governor Dody Budi Waluyo said in Surabaya on Thursday that foreign exchange reserves had increased by US$2 billion […]
Read MoreMANILA, Philippines — Mitsubishi Motors Philippines Corp. (MMPC) plans to start exporting vehicles to Southeast Asian markets next year. The Department of Trade and Industry (DTI) said in a statement the plan was relayed by Japan parent Mitsubishi Motors Corp. (MMPC) chief executive officer Osamu Masuko during a meeting with Trade Secretary Ramon Lopez. Under […]
Read MoreBank Indonesia has said China’s WeChat Pay and Alipay as well as other foreign payment platforms can set up shop in Indonesia, but they are only allowed to target foreign tourists’ payment transactions. To be able to operate in the country, the central bank requires foreign platforms to cooperate with local banks that have core […]
Read MoreMANILA, Philippines — Vehicle sales continued to decline in November, registering a 23.4 percent drop from the same month a year ago, as higher excise taxes and elevated inflation still dampened demand for new purchases. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) showed sales reached 31,258 […]
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