Indonesia’s Largest Online Travel Startup Valued at $2 Billion Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia’s largest online travel startup, […]
Remittances, BPO revenues seen to shield peso The Bank of Tokyo – Mitsubishi UFJ Ltd. (BTMU) said steady remittances and revenues from the business process outsourcing (BPO) sector would continue to stabilize the peso amid […]
Indonesia’s deficit widens in 2017 budget revision Indonesia’s House of Representatives on Thursday endorsed a revision to this year’s government budget — which sees a lower revenue, increased spending and a widening deficit nearing the […]
Hot money net outflow hits $457M yr-to-date FOREIGN portfolio investments in the Philippines so far this year registered a net outflow of $457.83 million as of mid-July, reversing a net inflow of $773.77 million posted […]
Government to revoke Freeport license over failure to build smelter Indonesias Energy and Mineral Resources Ministry would revoke the concentrate export license for PT Freeport Indonesia, if the giant mining company failed to finish the […]
Philippines to remain fastest growing economy in region: Fitch The Philippines will likely remain the fastest growing economy in Southeast Asia for the next five years, Fitch Ratings said in its report “Asia Pacific Sovereign […]
Thailand startup venture Siam Organic Co, Ltd., (Siam Organic) has taken home the star prize from the third prestigious Chivas Venture 2017 startup business model contest held in Los Angeles, USA, last week, and along […]
World Bank: Indonesia needs $500 bln in 5 yrs to plug infrastructure gap World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly double its public spending on infrastructure and […]
Philippines buys 250,000 tons of rice to boost stockpiles THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as it rushed […]
Alibaba in talks to pick up stake in Indonesia’s e-commerce major PT Tokopedia China’s e-commerce giant Alibaba Group Holding Ltd is in talks to make a significant investment in one of Indonesia’s largest online retailers, […]
MPIC mulls P20-B Cavitex-Port Area expressway The tollway arm of Metro Pacific Investments Corp. (MPIC) is planning to propose a P20-billion expressway project to connect the Manila-Cavite Toll Expressway (Cavitex) to the Port Area. — […]
Finance Ministry advised to reconsider plan to adjust untaxed income The Indonesian Finance Ministry should reconsider its plan to adjust the limit of non-taxable income as the proposed threshold is too high, an observer said. […]