Trade Minister Enggartiasto Lukita had to revise a regulation on the letter of credit (L/C) before it took effect because of an overlap with a regulation issued by the Energy and Mineral Resources Minister. Energy and Mineral Resources Ministry oil and gas Director General Djoko Siswanto said the Indonesia Petroleum Association (IPA) had questioned the […]
Read MoreMANILA: Philippine inflation accelerated for the ninth straight month in September, the statistics agency said on Friday, hitting the highest in nearly a decade, although coming in slightly lower than market estimates. The consumer price index rose 6.7 percent last month from a year earlier, the fastest since February 2009, and but slower than the 6.8 percent […]
Read MorePETALING JAYA: The World Bank has cut Malaysia’s gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment. It expects the country’s pace of economic expansion to continue moderating until 2020. Although the move is largely unsurprising, the bank’s downward revision in […]
Read MoreAsian companies, particularly those in Southeast Asia, are at risk of falling out of multinational corporations’ supply chains if they fail to improve their environmental, social and governance (ESG) strategies, according to HSBC. The conclusion is contained in a report commissioned by the multinational bank, in conjunction with East & Partners, based on interviews with senior […]
Read MoreThe Bank of Thailand will require homebuyers to make a down payment of at least 20% of home value for new mortgages worth 10 million baht and higher as well as for second homes, in an effort to curb mortgage and property risks and improve housing loan quality. The requirement is expected to be implemented from […]
Read MoreThe World Bank’s economic report on East Asia and Pacific says the Cambodian economy is expected to grow at seven per cent this year, compared to 6.9 per cent last year. The result is underpinned by upbeat investor sentiment and rising government spending, it said in its report released on Thursday. “As global demand peaks […]
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