Economy

Following a meeting that took place on Friday on the sidelines of the 77th United Nations General Assembly between the Secretary of the Department of Foreign Affairs Enrique Manalo and his counterparts from Malaysia and the United Arab Emirates, the Department of Foreign Affairs (DFA) is excited to continue its engagements with both countries. During their discussion on the importance …

The financial minister of Thailand announced on Tuesday that the country’s central bank and the Ministry of Finance will soon meet to address the recent decline in the value of the baht (Sep 20). Arkhom Termpittayapaisith stated to the media that the weakening of the baht was due to the strength of the dollar, and he stated that he had …

According to a statement made by a deputy minister on Tuesday, Indonesia’s Ministry of Trade intends to release a new rule that will control crypto asset exchanges. The rule will require that two-thirds of the board of directors and commissioners must be Indonesian residents and reside in the country. The move comes after cryptocurrency exchange Zipmex, which focuses on Southeast …

On September 19, 2016, Philippine President Ferdinand Marcos Jr. was invited to ring the closing bell at the New York Stock Exchange (NYSE) (Tuesday, 20 September, PHL time). At four o’clock in the afternoon, the closing bell indicated that the market was closed for the day. On the bell platform with Marcos were First Lady Liza Araneta Marcos, House Speaker …

On Monday (September 19), the e-commerce behemoth Shopee announced more layoffs, the most recent in a string of actions taken in response to expanding losses and weaker sales growth. This morning, the layoffs were communicated within the company during town hall meetings with the affected employees. In response to questions regarding the layoffs that were announced on Monday, a representative …

It wasn’t until the middle of the previous year that people started hearing about these cons. It is common practice for the syndicates to advertise high-paying employment in other countries on social media sites such as Facebook and Instagram. After the victims have been tricked into traveling to a foreign country and detained against their will at these scam compounds, …

Exports and imports both exceeded projections in August, which resulted in Indonesia recording a larger-than-expected trade surplus of $5.76 billion, according to government figures released on Thursday. This surplus is the largest that Indonesia has seen in the last four months. A survey conducted by Reuters indicated that a surplus of $4.09 billion was anticipated. Exports of the resource-rich nation …

On Tuesday, September 13, Migrant Workers Secretary Susan “Toots” Ople said that the Philippines will lift a prohibition that has been in place for a year on the deployment of overseas Filipino workers (OFWs) to the kingdom of Saudi Arabia on November 7. The declaration came after days of bilateral talks between the two countries on how to enhance the …

In the city of Banjarmasin, South Kalimantan, 41-year-old Zainal Ridho is the proprietor of a car rental business. Previously, the day charge for his Toyota Innova was 800,000 rupiah (US$54), which included the price of subsidized Pertalite fuel. In response to the common expectation that the government will soon increase the price of subsidized fuel, he hiked the price to …

Optasia, which has its headquarters in the United Arab Emirates, intends to expand its financial-services company in Africa, Southeast Asia, and Latin America over the course of the next three years in order to reach a wider market of under-banked customers. The business now has operations in more than 40 countries and provides a variety of services including microloans, airtime, …