Remittances up 2.9% to USD26.5-B at end-October Personal remittances from overseas Filipinos (OFs) for the first 10 months of the year reached USD26.5 billion, equivalent to a 2.9 percent year-on-year growth. — Philippine News Agency […]
Indonesia, EFTA sign long delayed free trade deal Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. — […]
Hot money posts November net inflow of $832M SHORT-TERM investments made by foreign investors to the Philippines turned positive in November this year, indicating a resurgence of favorable global investor sentiment toward the country for […]
Philippine President Rodrigo Duterte may be the real-life personification of ‘Judge Dredd’ to many due to his deadly war on drugs, but his backflip on a fuel excise increase has many others labelling him as […]
Indonesia’s 2018 FDI seen falling to US$11b to US$13b, says investment board Incoming foreign direct investment to Indonesia is expected to be around US$11 billion to US$13 billion this year, less than the average in […]
Congress fails to pass 2019 budget bill Lawmakers adjourned their session for their month-long Christmas vacation without approving the proposed P3.757-trillion national budget for next year. — The Philippine Star 7.2-M foreign tourists seen by […]
Minister confirms Rp400 trillion allocation for infrastructure in 2019 Finance Minister Sri Mulyani has revealed that funds amounting to Rp400 trillion will be allocated in the State Budget for the development of infrastructure across Indonesia […]
Infra spending up 50% in 10 months Construction of more roads, health facilities, school buildings as well as local projects in Mindanao nearly doubled the national government’s infrastructure expenditures in October to P94.4 billion, Budget […]
Jakarta rejects separatist rebels’ demands Indonesia has rejected a demand by Papuan rebels to hold negotiations on their territory’s self-determination. — The Australian Exclusive – Red tape, funding problems hamper Lion Air black box search […]
FDI net inflows climbed 24.2% to $8b in 3 quarters Net inflows of foreign direct investments climbed 24.2 percent in the first three quarters to $8 billion from $6.5 billion a year ago, as investors […]
Indonesia’s e-commerce sales set to hit $65 bn in 2022 GLOBAL management consulting firm McKinsey & Company has forecast fast growth for e-commerce in Indonesia, predicting sales to reach US$65 billion (Bt2.13 trillion) annually by […]
ADB agrees to lend $7.5 billions in loans to Philippines over 3 years Multilateral lender Asian Development Bank said Monday it will extend loans of up to $2.5 billion annually to the Philippines, or a […]