Indonesia morning news for October 24

Indonesia morning news for October 24

Indonesia`s tourism sector growth ranks ninth in world Tourism Minister Arief Yahya said the tourism sector continues to record achievements with the highest growth, ranking ninth in the world, according to the World Travel and Tourism Council (WTTC). — Antara News Indonesia puts $100m render trade with Australia on ice Indonesia has suspended the $100 million […]

Philippines morning news for October 24

Philippines morning news for October 24

Infra spending jumped 70.5% in Aug Government infrastructure spending jumped 70.5 percent year-on-year to P68.4 billion in August as more roads were built alongside purchases made by the military for communication equipment that month. — Philippine Daily Inquirer Almost 5,000 killed in government’s drug war as of September 2018 Almost 5,000 drug personalities have died […]

Indonesia morning news for October 23

Indonesia morning news for October 23

Indonesia US$200m in arrears on fighter project: South Korea Indonesia has demanded new terms from South Korea on a joint multi-billion-dollar jet fighter development project, as Seoul said on Monday (Oct 22) that Jakarta has not paid its share and is US$200 million in arrears. — Channel NewsAsia Indonesia awards 2 oil and gas blocks, […]

Philippines morning news for October 23

Philippines morning news for October 23

IT investments in ecozones buck downtrend, grow 9% As investment approvals by the Philippine Economic Zone Authority (PEZA) declined in all industry sectors, the information technology (IT) sector bucked the trend, with investments picking up and posting a nine percent growth in the nine months to September this year. — The Philippine Star Budget deficit […]

Indonesia morning news for October 22

Indonesia morning news for October 22

Indonesia’s foreign reserves hit two-year low Indonesia’s foreign reserves have fallen to a level not seen for two years after the central bank’s repeated interventions in the currency market to defend the rupiah. — Nikkei Asian Review (paywall) Nations pledge more than US$15 million for C. Sulawesi, but Indonesia must rely on itself After President […]

Philippines morning news for October 22

Philippines morning news for October 22

Anti-inflation measures to stoke budget, trade deficits Banking giant HSBC believes that government efforts to address above-target inflation will lead to wider budget and current account deficits. — The Manila Times Economists raise PH inflation forecasts up to 2020 Private sector economists polled by the central bank raised their inflation estimates for 2018 until 2020 […]

Indonesia morning news for October 19

Indonesia morning news for October 19

Jakarta plans $10bn waterfront airport as travel demand surges The Indonesian government plans to build a new airport outside Jakarta to accommodate a growing number of business travelers and tourists as the country’s economy expands. — Nikkei Asian Review (paywall) Magnitude 5.3 quake hits West Aceh An earthquake measuring 5.3 on the Richter scale shook […]

Philippines morning news for October 19

Philippines morning news for October 19

BoI: Investments up to P454.8B in Jan-Sept Investment pledges approved by the Board of Investments (BoI) grew by 19 percent to P454.8 billion in January to September this year from P381.2 billion in the same period last year, the Board of Investments (BoI) said yesterday. — The Manila Times Filipino makes splash in ADB’s water […]

The 15 best Philippine companies to work for in Asia

The 15 best Philippine companies to work for in Asia

A human-resource survey of more than 5,200 workers at 150 companies across the Philippines has named more than a dozen domestic employers as among the Best Philippines Companies to Work for in Asia 2018 The 15 Philippine-based companies, which include the local operation of international brands Fonterra Brands Inc, Johnson & Johnson Philippines, Manulife, Philam […]

Indonesia morning news for October 18

Indonesia morning news for October 18

What Are Indonesia’s Minimum Wages By Province in 2019? Based on a circular that was issued by Indonesia’s Manpower Ministry on 15 October 2018, the Indonesian government plans to raise provincial minimum wages by 8.03 percent in 2019. — Indonesia Investments (media release) Indonesia`s budget deficit reaches 1.35 percent of GDP late September Indonesia`s budget […]

Philippines morning news for October 18

Philippines morning news for October 18

PH ranked 5th best economy in Southeast Asia The Philippines ranked 56th out of 149 countries in the latest Global Competitiveness Report, while also ranking the 5th most competitive economy in Southeast Asia. — Philippine Daily Inquirer PH Navy ship leaves for ASEAN-China exercise A Philippine Navy officer waves at the departing landing ship BRP […]

Indonesia morning news for October 17

Indonesia morning news for October 17

Indonesia books US$360.7 billion in foreign debt in August Indonesia’s foreign debt – which includes debts from central banks, governments and the private sector – stood at US$360.7 billion in August, growing by 5.14 percent year-on-year (yoy), driven by growth in private sector debt amid slowdowns in government and central bank debt. — The Jakarta […]

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