Zero underspending: Philippines 2018 infrastructure spend tipped to hit 6.2%

Zero underspending: Philippines 2018 infrastructure spend tipped to hit 6.2%

The Philippines government spending on infrastructure may have hit 6.2 per cent of the country’s economy in 2018, a continuation of  the fast-tracked spending  under President Rodrigo Duterte’s ambitious “Build, Build, Build” programme. Budget Secretary Benjamin E. Diokno said the share of infrastructure spending as measured against gross domestic product (GDP) increased to 6.3 percent […]

Indonesia morning news for January 25

Indonesia morning news for January 25

BNI Earmarks Rp4tn to Acquire Banks, Insurers Bank Negara Indonesia (BNI) is preparing Rp3 trillion to Rp4 trillion for business expansion purposes this year. Among others, the bank plans to acquire a financial service entity in Indonesia. — Tempo.co Death toll from Indonesian floods, landslides rises to 30 Floods and landslides in a central Indonesian […]

Philippines morning news for January 25

Philippines morning news for January 25

Economic team lists risks as growth slows to 6.2% THE reenacted budget and the 45-day ban on government spending in preparation for the elections will delay the Duterte administration’s “Build, Build, Build” (BBB) program, according to the President’s economic team, highlighting more challenges as the country posted its slowest growth since 2015. — Business Mirror […]

Indonesia morning news for January 24

Indonesia morning news for January 24

Indonesia’s economy hit by international trade war Stakeholders are worried the China-US trade war will continue to take its toll on Indonesia after it inflicted a huge blow to the country’s trade balance last year. — The Phnom Penh Post Two million earthquake survivors continue to suffer in Indonesia Intellasia East Asia News Nining was […]

Philippines morning news for January 24

Philippines morning news for January 24

Gov’t keeps 7-8% growth target this year THE GOVERNMENT will hold on to its 7-8% growth target this year, according to Finance Secretary Carlos G. Dominguez III who noted the Philippines has room to stand resilient despite a slowing global economy. — BusinessWorld Online Chinese tourists lift 11-month arrivals–DOT CHINESE tourists continued to lift the […]

Cambodia morning news for January 23

Cambodia morning news for January 23

China Pledges Nearly US $600 Million in Aid to Cambodia Over Three Years: PM Hun Sen China will provide Cambodia with 4 billion yuan (U.S. $587.6 million) in aid over the next three years, Cambodia’s Prime Minister Hun Sen said Tuesday, as Phnom Penh further cements ties with Beijing in the face of sanctions threats […]

Indonesia morning news for January 23

Indonesia morning news for January 23

State mortgage provider to disburse Rp 1.7t for low-cost houses State-owned mortgage financing company PT Sarana Multigriya Finansial (SMF) has allocated Rp 1.7 trillion (US$119.28 million) for government-subsidized housing loans. — The Jakarta Post Bali’s governor reveals plans to slug holiday-makers with a tourist tax You’ll have to put aside some extra money for your […]

Philippines morning news for January 23

Philippines morning news for January 23

Senate allots P68 billion for unfunded laws ADOPTING Senate President Pro Tempore Ralph Recto’s amendment, senators agreed to set aside P68 billion in the proposed 2019 national budget to bankroll unfunded laws set for enactment, including Universal Health Care, Bangsamoro, rice tariffication and the Coconut Modernization Law. — Business Mirror Philippine Senators oppose president’s push […]

Cambodia morning news for January 22

Cambodia morning news for January 22

Commission approves three-year tariffs on rice from Cambodia and Myanmar The EU will impose tariffs on rice from Cambodia and Myanmar in order to curb a surge in “damaging” imports, the European Commission has confirmed. — IEG Policy (paywall) Cambodian PM tells Enda Kenny EU trying to hold his people ‘hostage’ Populism grows when governments […]

Indonesia morning news for January 22

Indonesia morning news for January 22

Indonesia`s poverty rate expected to reach nine percent: minister Indonesia has been striving to reduce its poverty rate that is expected to reach nine percent by the end of this year, National Development Planning Minister Bambang Brodjonegoro stated here on Monday. — Antara News Material losses caused by Ocean Princess` oil spill being calculated The […]

Philippines morning news for January 22

Philippines morning news for January 22

GDP growth picks up to 6.8% in 2018 fourth quarter — Moody’s unit Philippine economic growth likely picked up in the fourth quarter of last year after slumping in the third quarter due to higher oil and food prices, according to the economic research and analysis arm of Moody’s Corp. — The Philippine Star PH […]