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 […]

Indonesia Morning News For August 9

Indonesia Morning News For August 9

Indonesian Immigration launches WhatsApp booking system for passport application and renewal Any Indonesian who’s had to apply for a passport or renew at an immigration office in Jakarta know the hassle of waking up really early in the morning to be able to get in line with hundreds of others. — Coconuts Jakarta Indonesia’s GDP […]

Philippines Morning News For August 9

Philippines Morning News For August 9

IMF cuts Philippines GDP forecast to 6.6% The International Monetary Fund (IMF) slashed anew its economic growth forecasts for the Philippines after weak private consumption pulled down gross domestic product (GDP) expansion in the first quarter. — The Philippine Star Tourist arrivals in the city up by 3.6 percent in first half of 2017 The […]

Malaysia Morning News For August 8

Malaysia Morning News For August 8

Builder of $100 Billion Malaysia City Looks Beyond Spooked Chinese Buyers Country Garden Holdings Co. said it’s looking to attract customers from countries such as Thailand and Vietnam as some Chinese buyers hit by capital controls have pulled back from the $100 billion Forest City project in southern Malaysia.             […]

Philippines Morning News For August 8

Philippines Morning News For August 8

Forex reserves fall to $80.8 B in July The foreign exchange buffer of the Philippines narrowed for the second straight month to hit a seven-month low of $80.78 billion in July, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. — The Philippine Star PSEi rises 0.75%, mirroring US market Investor interest buoyed share prices on […]

Indonesia Morning News For August 7

Indonesia Morning News For August 7

Japan Tobacco to Buy Indonesian ‘Kretek’ Cigarette Firms for $677m Japan Tobacco on Friday (04/08) said it has agreed to buy an Indonesian maker of “kretek” tobacco and clove cigarettes, together with its distributor, for $677 million, giving it a bigger footprint in the world’s second-largest tobacco market. — Jakarta Globe Indonesia, Russia to trade […]

Philippines Morning News For August 7

Philippines Morning News For August 7

Consumer spending to boost GDP in H2 The expected increase in household and government consumption would help GDP grow by more than 7 percent in the second half of the year, according to the National Economic and Development Authority (Neda). — Business Mirror Duterte’s ‘Build, Build, Build’ plans hit Philippine peso Philippine construction firm Teravera […]

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