MANILA, Philippines — Interest rates on term deposits were mixed yesterday as banks opted for short-term positions pending the results of the rate-setting meetings of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The yield on the seven-day term deposits slipped to 3.1768 percent yesterday from last week’s 3.1893 percent due to […]
Read MoreThe Yangon regional government will implement the regional development plan this year with public-private partnership (PPP) system, said regional Planning and Finance Minister U Myint Thaung on March 16. U Myint Thaung submitted the regional plan of Yangon within the six-month interim period from April to September 2018 to the Yangon regional legislature on March 16. The […]
Read MoreRenewable energy in Vietnam is becoming popular with Thai investors thanks to the government there offering high adder rates (the rate state utilities pay operators) of 9.35 cents, says the Thailand-Vietnam Business Council. Montri Mahalerkpong, vice-chairman of the council, said the Vietnam government is shifting its energy policy, in particular regarding solar panels, as it aims […]
Read MoreCambodia has proposed that it and Thailand establish a government–private sector working group to tackle agriculture export issues, particularly cassava raw material exports which have been a challenge for Cambodia recently. Agriculture Minister Veng Sakhon told Ladawan Wongsriwong, adviser to Thailand on domestic and international socio-economic matters, that the main issues for agricultural products between […]
Read MoreKUALA LUMPUR (REUTERS)- Malaysian state energy firm Petroliam Nasional Berhad (Petronas) is increasing capital expenditure for upstream activities slightly in 2018 from last year, upstream chief executive Mohd Anuar Taib said on Wednesday (March 21). Petronas, like other oil majors, was hit by the plunge in oil prices from mid-2014 highs, but sharp cost cuts […]
Read MoreIndonesia’s central bank has more pressing things to worry about than its next interest-rate move. Policy makers are instead seeking to sandbag the currency against more capital outflows as the US Federal Reserve moves ahead with its tightening plan. Governor Agus Martowardojo has signaled that Bank Indonesia will keep dipping into foreign reserves to support […]
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