Philippines Morning News For July 14

Philippines Morning News For July 14

ADB, World Bank eye technical assistance grants for Marawi rehab Multilateral lenders the Asian Development Bank (ADB) and the World Bank are looking into technical assistance grants for the rehabilitation of Marawi City once fighting ends on top of a possible emergency loan to be extended by the latter, the country’s chief economist said. — […]

Indonesia Morning News For July 13

Indonesia Morning News For July 13

Mandiri Capital Indonesia invests $2m in payments startup Cashlez Mandiri Capital Indonesia (MCI), the venture capital arm of state-owned Bank Mandiri, has led a $2-million investment into payment startup Cashlez, the company announced on Wednesday. Other investors including Gan Kapital participated in the round. — Deal Street Asia North Sulawesi Records 449% Surge in Foreign […]

Philippines Morning News For July 13

Philippines Morning News For July 13

Government to allow 70% foreign equity in telcos, utilities President Duterte wants to allow foreign investors to own up to 70 percent of telecommunication firms and all public utilities, according to the National Economic and Development Authority (Neda), and this will probably be reflected in the updated Regular Foreign Investment Negative List (RFINL) due in […]

Indonesia Morning News For July 12

Indonesia Morning News For July 12

Indonesia to bring home tax money parked in Singapore The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country. — The Jakarta Post Jokowi signs regulation banning Hizbut Tahrir President […]

Philippines Morning News For July 12

Philippines Morning News For July 12

PH has 2nd lowest obesity rate in Asean The Asia Roundtable on Food Innovation for Improved Nutrition (ARoFIIN) on Tuesday reported that the Philippines has the second lowest obesity and overweight prevalence compared to its regional neighbors in the Association of Southeast Asian Nations (Asean). — The Manila Times Philippines military: Death toll in Marawi […]

Indonesia Morning News For July 11

Indonesia Morning News For July 11

Preferring to Neither Sink or Swim Jokowi Pulls the Plug on Jakarta: Asean’s Sinking Cities Last week the head of Indonesia’s National Development Planning Agency (Bappenas), Bambang Brodjonegoro, announced that the government is committed to moving the nation’s capital from Jakarta in Java. — AEC News Today Indonesia’s Current Account Deficit to Decrease by the […]

Philippines Morning News For July 11

Philippines Morning News For July 11

April FDI retreats from year-ago record FOREIGN direct investment (FDI) net inflows to the Philippines hit a 12-month high in April even as they slid from the year-ago record haul, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. — BusinessWorld Online Taiwan 6th top source of visitors to Philippines in first 5 months Manila, July […]

Indonesia Morning News For July 10

Indonesia Morning News For July 10

Marketplace for used automobiles Droom to invest upto $10m in acquisitions, plans Indonesia expansion After closing its $20 million Series C round of funding last week, Droom, an online marketplace for used automobiles, plans to announce a few acquisitions by the end of this year, founder Sandeep Aggarwal said in an interaction with DEALSTREETASIA. — […]

Philippines Morning News For July 10

Philippines Morning News For July 10

  Gov’t borrowings up 67% in Jan-May Government borrowings jumped 67 percent to P453 billion in the first five months from a year ago, data from the Bureau of the Treasury (BTr) showed. — The Philippine Star Dollar reserves lower by $764M in June–BSP The so-called foreign-currency operations of the Bangko Sentral ng Pilipinas (BSP), […]

Indonesia Morning News For July 7

Indonesia Morning News For July 7

Indonesia Proposes to Raise 2017 Budget Deficit to Close to Legal Limit Indonesia’s government has proposed to parliament to hike 2017 spending and cut the revenue target, resulting in a wider budget deficit that almost reaches the legal limit, according to a government document. — Jakarta Globe IFC extends $150m debt facility to Indonesia Infrastructure […]

Philippines Morning News For July 7

Philippines Morning News For July 7

Government issues tender for 250,000 tons of imported rice THE STATE grains buyer issued on Thursday an international tender to buy 250,000 tons of 25% broken long grain white rice, rushing to boost thinning government stockpile. — BusinessWorld Online Infra, capital spending surges 31.4% in May Infrastructure and other capital spending rose sharply in May […]

Indonesia Morning News For July 6

Indonesia Morning News For July 6

Indonesian Stock Market Looking Strong This Year, May Exceed Expectations: Analyst Indonesia’s main stock market looks strong this year with analysts confident that the benchmark Jakarta Composite Index, or JCI, could exceed market expectations on the back of faster economic growth, a report by local brokerage firm Bahana Securities shows. — Jakarta Globe Indonesia’s oil […]