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. — […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
Philippines cuts 2018 GDP growth goal, raises inflation targets The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices […]