MANILA, Philippines — The Philippine stock market was a world in turmoil yesterday, with the index slipping way below bear territory as most investors are now getting increasingly impatient over the still unabated monster inflation in the country. The benchmark Philippine Stock Exchange index (PSEi) went on a tailspin to close at 7,132.36, down 89.72 […]
Read MoreThailand’s economic growth in the second half is anticipated to expand at a slower pace than the first half because of ebbing exports and tourism coupled with higher oil prices and the strengthening baht, say business leaders. In addition to last year’s high export base, escalating tensions in the Sino-US trade row, with tit-for-tat tariffs worth […]
Read MoreTHAILAND’S economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings’ annual Thai conference in Bangkok yesterday. Bank of Thailand Governor Veerathai Santiprabhob was the guest of honour at the […]
Read MoreThe humanitarian crisis in northern Rakhine and jailing of two Reuters journalists have hit hospitality businesses in Bagan hard, industry players admitted. But the problem goes beyond these two factors, they said. The government’s lack of law enforcement and absence of infrastructure support have throttled hotels and tourism. On a recent visit, a herd of […]
Read MoreIndonesia’s ride-hailing app Go-Jek has said it would wait for the issuance of accreditation from the Philippine government before operating in the country. Nila Marita, Go-Jek chief of corporate affairs, said in Jakarta on Monday that the company would abide by the regulations of the Philippines. “We will first focus on securing accreditation in the […]
Read MoreTHAILAND intends to increase exports to Asean markets by 20 per cent this year, Commerce Minister Sontirat Sontijirawong said yesterday. “In terms of exports to the Asean region, so far, Thailand has been performing exceptionally in 2018,” Sontirat said. Exports have seen double-digit growth year on year for the period January to August, he said. […]
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