Philippines morning news for December 4

Philippines morning news for December 4

Treasury: National government debt jumped P666b to P7.17t in October Outstanding national government debt jumped P666 billion or 10.2 percent over a 12-month period to P7.17 trillion as of October, data from the Treasury show. — Manilastandard.net Manufacturing PMI continues to strengthen The Philippine manufacturing sector continued to strengthen in November, results of the latest […]

Indonesia morning news for December 3

Indonesia morning news for December 3

Hardliners pull out Islam card on Jokowi The radical Indonesian cleric behind the push to jail former Jakarta governor Ahok for blasphemy has declared it unIslamic to vote for any parties who supported him — a thinly veiled attack on President Joko Widodo — at a mass rally yesterday, setting the stage for another bitterly […]

Philippines morning news for December 3

Philippines morning news for December 3

MCIA-T2: $330 bln terminal boosts visitor arrivals and airport experience (video) A spectacular second terminal at Cebu airport not only raises Philippines’ airport infrastructure to world-class standards, but is also driving international and domestic tourism to Cebu City, one of the nation’s most significant historical and cultural centres. — AEC News Today (video) Hot money […]

MCIA-T2: $330 bln terminal boosts visitor arrivals and airport experience (video)

A spectacular second terminal at Cebu airport not only raises Philippines’ airport infrastructure to world-class standards, but is also driving international and domestic tourism to Cebu City, one of the nation’s most significant historical and cultural centres. The improvements provided by the new Mactan-Cebu International Airport Terminal 2 (MCIA-T2) should not be underestimated. Until its […]

Indonesia morning news for November 30

Indonesia morning news for November 30

Indonesia cancels part of plan to relax rules on foreign business role Indonesia has cancelled part of its plan to relax restrictions on foreign ownership of industries in order to keep some sectors only for domestic small and medium-sized enterprises, a government official said on Thursday. — Bangkok Post 11 minutes of terror: Lion Air […]

Philippines morning news for November 30

Philippines morning news for November 30

Philippines gets $300 million PPP infrastructure loan The Asian Development Bank (ADB) approved a $300 million loan on August 20 to support the Philippines’ efforts to strengthen private sector participation in the government’s “Build, Build, Build” (BBB) infrastructure development programme. — AEC News Today M3 growth slows, bank lending up in October Money supply growth […]

Indonesia morning news for November 29

Indonesia morning news for November 29

Doomed Lion Air jet was ‘not airworthy’ on penultimate flight A Lion Air jet that crashed into the sea off Indonesia last month was not in an airworthy condition on its second-to-last flight, when pilots experienced similar problems to those on its doomed last journey, investigators said on Wednesday. — Reuters 2019 draft city budget […]

Philippines morning news for November 29

Philippines morning news for November 29

Govt spent P571b for infra projects in first nine months Finance Secretary Carlos Dominguez III said Wednesday he welcomes the plan of Congress to conduct an inquiry on the alleged underspending by the Duterte administration, saying this will be an opportunity for the Finance Department to show that the “bad old days of underspending” was […]

Indonesia morning news for November 28

Indonesia morning news for November 28

Indonesia to keep CPO export tax at zero, cocoa at 5 pct for Dec Indonesia will keep the export tax for crude palm oil (CPO) at zero and the export levy for cocoa at 5 percent for December, Oke Nurwan, a senior official of the trade ministry, told reporters on Tuesday. — Reuters Africa Indonesia […]

Philippines morning news for November 28

Philippines morning news for November 28

Philippines, China set out 10-yr infra cooperation program The Philippines and China have set out a ten-year cooperation program on infrastructure that is hoped to outlive the term of President Rodrigo Duterte, according to a copy of an agreement between the countries released by the Palace on Tuesday. — ABS-CBN News Duterte gov’t tally: Nearly […]

Indonesia morning news for November 27

Indonesia morning news for November 27

Lion Air promises to give IDR1.3 billion compensation money to families of all JT-610 victims despite 64 remaining unidentified Indonesian authorities officially ended the identification process of Lion Air JT-610 crash victims last Friday, even though officials were only able to identify the remains of 125 of the 189 people on board. But the budget […]

Philippines morning news for November 27

Philippines morning news for November 27

Fiscal gap swells as spending surges in Oct 2018 The country’s fiscal deficit ballooned by 175 percent to P59.9 billion in October from only P21.8 billion a year ago as revenue failed to keep up with the government’s aggressive spending program, the Bureau of the Treasury reported yesterday. — The Philippine Star Loan releases under […]

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