Tag: Economy
IMF says further Thai rate cut would support inflation
BANGKOK- A further reduction in Thailand’s policy interest rate would support inflation and improve the debt-servicing capacity of borrowers, the International Monetary Fund said.
Given...
Aramco returns to PH market via Unioil; sees ‘vibrant’ economy
The Saudi Arabian Oil Company (Aramco) is returning to the Philippine market after a 17-year absence by investing in a 25 percent equity stake...
EU grants €16.5M to improve PH justice, economic security
The Philippines has secured a 16.5 million euro grant, or about P1 billion, from the European Union (EU) for a program that aims to...
Ex-official sees Bank of Japan raising rates twice more this year
BY LEIKA KIHARA AND TAKAYA YAMAGUCHI
TOKYO- The Bank of Japan could raise interest rates twice more this year if inflation stays around current levels,...
Indonesia budget efficiency cuts remain at $18.8B
JAKARTA- Indonesia’s deputy finance minister on Tuesday said the total budget funding the government is freeing up through efficiency measures remained unchanged at 306...
