Philippines Morning News For August 23

Philippines Morning News For August 23

Peso climbs on BSP intervention THE PESO started the week stronger versus the greenback, erasing a near 11-year low logged the previous session, after it tracked regional peers and buoyed by the central bank’s intervention intraday to limit the local currency’s sharp swings. — BusinessWorld Online Housing could see 69% cut in Duterte’s 2018 budget […]

Philippines Morning News For August 22

Philippines Morning News For August 22

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results Credit Suisse upgraded its 2017 economic growth forecast for the Philippines on the back of stronger-than-expected gross domestic product (GDP) expansion in the 2nd quarter of the year. — Rappler New radar system to boost PH navy’s ability to detect intrusions The Philippine Navy’s (PN) […]

Philippines Morning News For August 21

Philippines Morning News For August 21

Monetary stance to remain flexible amid low inflation, ample liquidity Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said monetary policy stance remains flexible and will adjust when necessary, enhanced by an arsenal of policy tool kits. — Manila Bulletin ADB has $3.8-B in loans, $21.8-M in non-lending programs for PH infra, social […]

Experience Fantastic Da Nang in Two Minutes (video)

Are you planning a trip to Vietnam, but can’t decide which cities to explore? One city you simply cannot afford to miss is Da Nang – Vietnam’s fourth largest city by urbanization and one of the country’s most popular tourism destinations. A former French colonial port and the commercial and educational center of Central Vietnam, […]

Thailand Ramps up Bid To Lure Tech Startups (video)

Thailand Ramps up Bid To Lure Tech Startups (video)

  From its northernmost tip to its’ southernmost provinces the buzzword that everyone in Thailand is hearing at the moment is ‘Thailand 4.0’ – and the message that is being relayed is that the Kingdom’s future depends on the development of a more educated, technologically-adept workforce. The video above was was recorded at the recent […]

Philippines Morning News For August 18

Philippines Morning News For August 18

Net ‘hot money’ inflow hit six-month high of $206.47M in July The Bangko Sentral ng Pilipinas yesterday reported a net “hot money” inflow of $206.47 million in July, the highest in six months, partly on the back of investors’ positive reaction to the President’s report on his first year in office. — Philippine Daily Inquirer […]

Philippines Morning News For August 17

Philippines Morning News For August 17

Uber charged with violating Public Service Act Several transport groups on Wednesday charged transport network company Uber with violation of the Public Service Act before the Quezon City Prosecutors’ Office, the first case filed against the foreign company. — Manila Bulletin Manila Water inks deal with WB investment arm Manila Water Co. Inc.’s overseas business […]

Philippines Morning News For August 16

Philippines Morning News For August 16

Remittances hit 3-month high of $2.47B in June Filipinos working and living abroad sent more money home in June, a three-month high of $2.47 billion, partly as the peso slid to nearly 11-year lows and in time for the opening of classes that month. — Philippine Daily Inquirer Philippines regulator denies Uber’s appeal on one-month […]

Philippines Morning News For August 15

Philippines Morning News For August 15

World Bank arranges $206m catastrophe swap for the Philippines The World Bank has been involved in another risk-linked transaction with the completion of a catastrophe swap transaction that benefits the Philippines, providing the government with a source of parametric risk transfer against losses caused by typhoons or earthquakes. — Artemis.bm (blog) Peso pierces 51:$1, ends […]

Philippines Morning News For August 14

Philippines Morning News For August 14

Duterte’s China policy shift: strategy or serendipity? Departing from the previous government’s opposition to Chinese assertiveness in the South China Sea, Philippine President Rodrigo Duterte has downplayed maritime disputes in favour of pursuing close economic and political ties with China. — East Asia Forum Bird flu triggers ban on fowl shipment THE Agriculture department has […]

Philippines Morning News For August 11

Philippines Morning News For August 11

Paolo Duterte a ‘smuggler’? Trillanes releases documents anew After presidential son and Davao City Vice Mayor Paolo Duterte was implicated in drug smuggling, opposition Senator Antonio Trillanes IV released documents anew linking the former to illegal shipments. — Rappler Foreign investments surge 57% in May Foreign direct investment (FDI) inflows into the Philippines jumped 57 […]

Philippines Morning News For August 10

Philippines Morning News For August 10

Duterte vows to resign if son proven corrupt PRESIDENT RODRIGO R. Duterte on Wednesday vowed to resign if one of his children, particularly his vice-mayor son, is found involved in a corruption scandal hounding the Bureau of Customs (BoC). — BusinessWorld Online PH enters $3T global Halal market THE Philippine Halal Export and Development Promotion […]

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