Indonesia morning news for December 14

Indonesia morning news for December 14

Indonesia’s 2018 FDI seen falling to US$11b to US$13b, says investment board Incoming foreign direct investment to Indonesia is expected to be around US$11 billion to US$13 billion this year, less than the average in recent years of $20 billion per year, a senior official said on Thursday. — The Star Online German allocates 25 […]

Philippines morning news for December 14

Philippines morning news for December 14

Congress fails to pass 2019 budget bill Lawmakers adjourned their session for their month-long Christmas vacation without approving the proposed P3.757-trillion national budget for next year. — The Philippine Star 7.2-M foreign tourists seen by year-end–DOT THE Department of Tourism (DOT) projects foreign visitor arrivals to reach only some 7.2 million this year due to […]

Indonesia morning news for December 13

Indonesia morning news for December 13

Minister confirms Rp400 trillion allocation for infrastructure in 2019 Finance Minister Sri Mulyani has revealed that funds amounting to Rp400 trillion will be allocated in the State Budget for the development of infrastructure across Indonesia in 2019. — Antara News Sri Mulyani: State Budget Deficit at Lowest Rate for Past 5 Years Finance Minister Sri […]

Philippines morning news for December 13

Philippines morning news for December 13

Infra spending up 50% in 10 months Construction of more roads, health facilities, school buildings as well as local projects in Mindanao nearly doubled the national government’s infrastructure expenditures in October to P94.4 billion, Budget Secretary Benjamin Diokno said on Wednesday. — Philippine Daily Inquirer Ecozone investments plunge 44% in 11 months Investments approved by […]

Indonesia morning news for December 12

Indonesia morning news for December 12

Jakarta rejects separatist rebels’ demands Indonesia has rejected a demand by Papuan rebels to hold negotiations on their territory’s self-determination. — The Australian Exclusive – Red tape, funding problems hamper Lion Air black box search Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, […]

Philippines morning news for December 12

Philippines morning news for December 12

FDI net inflows climbed 24.2% to $8b in 3 quarters Net inflows of foreign direct investments climbed 24.2 percent in the first three quarters to $8 billion from $6.5 billion a year ago, as investors considered the Philippines as one of the best places to invest in this year, the Bangko Sentral ng Pilipinas said […]

Indonesia morning news for December 11

Indonesia morning news for December 11

Indonesia’s e-commerce sales set to hit $65 bn in 2022 GLOBAL management consulting firm McKinsey & Company has forecast fast growth for e-commerce in Indonesia, predicting sales to reach US$65 billion (Bt2.13 trillion) annually by 2022, eight times the $8 billion recorded in 2017. — The Nation Lion Air’s Nov passenger numbers down less than […]

Philippines morning news for December 11

Philippines morning news for December 11

ADB agrees to lend $7.5 billions in loans to Philippines over 3 years Multilateral lender Asian Development Bank said Monday it will extend loans of up to $2.5 billion annually to the Philippines, or a total of $7.4 billion from 2019 to 2021, to support the government’s ‘Build, Build, Build’ infrastructure program. — Manilastandard.net Office […]

Indonesia morning news for December 10

Indonesia morning news for December 10

$200mln from ADB to develop Indonesian higher education & skills The Asian Development Bank (ADB) has approved a $200 million loan to upgrade four higher education institutions in Indonesia and improve the technical and vocational training programmes that will help youth obtain the job skills needed in the evolving global economy. — AEC News Today […]

Philippines morning news for December 10

Philippines morning news for December 10

External debt service up 10.46% The country’s external debt service burden increased by 10.46 percent year-on-year to $5.238 billion as of end-August from $4.742 billion same time in 2017, according to data from the Bangko Sentral ng Pilipinas (BSP). — Manila Bulletin DA to back Fisheries Expo with P400M in loans FISHERMEN representing 100 communities […]

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