Indonesia Morning News For August 3

Indonesia Morning News For August 3

China’s infrastructure diplomacy in Indonesia As the lack of infrastructure is seen as a bottleneck for growth, nations throughout the world have made this their primary focus. The realization that developing countries face difficulties with this and need very much support has given rise to a new kind of diplomacy — infrastructure diplomacy. — The […]

Philippines Morning News For August 3

Philippines Morning News For August 3

Auto sector to get ‘triple whammy’ from tax plan On top of increasing excise tax on petroleum products and automobiles, the Duterte administration is also poised to impose higher registration fees for all motor vehicles, Senate President Pro Tempore Ralph G. Recto reported on Wednesday. — Business Mirror Government subsidies to GOCCs double to P32.31 […]

Indonesia Morning News For August 2

Indonesia Morning News For August 2

Deadline for Indonesia to be Free from Measles and Rubella President Joko Widodo (Jokowi) has expressed his hope that Indonesia would be free of rubella and measles by 2020. — Netral News CIC-backed Indonesian miner Bumi completes $2.6b rights issue, saved from collapse Bumi Resources, an Indonesian mining company backed by China Investment Corporation (CIC), […]

Philippines Morning News For August 2

Philippines Morning News For August 2

PHL enters $3-trillion global halal market THE Philippines is now ready to join the $3.2-trillion global halal market after the Philippine Halal Export and Development Promotion Board, led by the Department of Trade and Industry (DTI), adopted on July 26 the implementing rules and regulations (IRR) of Republic Act 10817, or the Philippine Halal Export […]

Indonesia Morning News For August 1

Indonesia Morning News For August 1

University of indonesia tops webometrics ranking The University of Indonesia (UI) has once again achieved the first rank as the best university in Indonesia, according to Webometrics Ranking of World Universities 2017. — Antara News Indonesia manufacturing PMI falls to 48.6 in July The Nikkei Indonesia Manufacturing Purchasing Managers’ Index, or PMI, fell to a […]

Philippines Morning News For August 1

Philippines Morning News For August 1

Philippines lags behind Asean-5 peers on WTO’s 2017 importers, exporters list The Philippines trailed behind its Asean-5 neighbors on the list of top world exporters and importers, World Trade Organization (WTO) data showed. — Business Mirror Bank loans up 19% to P6.43 T in June Bank credit grew faster at 19 percent in end-June due […]

Indonesia Morning News For July 31

Indonesia Morning News For July 31

Indonesia’s Largest Online Travel Startup Valued at $2 Billion Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia’s largest online travel startup, a person familiar with the matter said. — Netral News Govt Begins Building Roads with Plastic Waste Mix in Bali […]

Philippines Morning News For July 31

Philippines Morning News For July 31

Remittances, BPO revenues seen to shield peso The Bank of Tokyo – Mitsubishi UFJ Ltd. (BTMU) said steady remittances and revenues from the business process outsourcing (BPO) sector would continue to stabilize the peso amid the volatile global financial markets. — The Philippine Star Infrastructure spending exceeded budget in 1st half Public spending on infrastructure […]

Indonesia Morning News For July 28

Indonesia Morning News For July 28

Indonesia’s deficit widens in 2017 budget revision Indonesia’s House of Representatives on Thursday endorsed a revision to this year’s government budget — which sees a lower revenue, increased spending and a widening deficit nearing the constitutional limit. — Nikkei Asian Review Expedia to Invest $350 Million in Indonesia Booking Site Traveloka Expedia’s minority investment in […]

Philippines Morning News For July 28

Philippines Morning News For July 28

Hot money net outflow hits $457M yr-to-date FOREIGN portfolio investments in the Philippines so far this year registered a net outflow of $457.83 million as of mid-July, reversing a net inflow of $773.77 million posted in the same period a year earlier, Bangko Sentral ng Pilipinas (BSP) data released on Thursday showed. — The Manila […]

Indonesia Morning News For July 27

Indonesia Morning News For July 27

Government to revoke Freeport license over failure to build smelter Indonesias Energy and Mineral Resources Ministry would revoke the concentrate export license for PT Freeport Indonesia, if the giant mining company failed to finish the construction of the mineral smelter facility within five years. — Antara News Indonesian parliament passes law to chase tax evaders […]

Philippines Morning News For July 27

Philippines Morning News For July 27

Philippines to remain fastest growing economy in region: Fitch The Philippines will likely remain the fastest growing economy in Southeast Asia for the next five years, Fitch Ratings said in its report “Asia Pacific Sovereign Overview 3Q17” released on July 25. — ABS-CBN Duterte renews his anti-West, pro-China views Philippine President Rodrigo Duterte delivered his […]

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