The State-run Development Bank of the Philippines (DBP) supported the local shipbuilder with a P4.17 billion loan to finance the expansion of the company’s Albuera, Leyte, shipyard. Emmanuel Herbosa the president and chief executive officer of DBP shared that the bank had signed a term loan agreement with Megaship Builders Inc. to upgrade and improve its shipbuilding complex’s capacity. In …

President Joko Widodo is encouraged despite the country not having enough natural resources, Indonesia’s export market has its ability to stay at it’s potential to remain in being optimally explored by the other countries around the world. Previously, The President is convinced that there are variety of initiatives, including those undertaken by the state-owned bank PT Bank Rakyat Indonesia that …

Indonesia will play an important role in the economic integration of the Asia Pacific region and promote regional economic recovery by openness to investment and advanced industries. As ASEAN’s largest economy with strong growth prospects in the long term, Indonesia will become the base of global economic growth. The strategic role of Indonesia and its openness to foreign investment will …

President Joko Widodo shared that the government would try to push the growth of the financial industry of the domestic sharia that he described as a sleeping giant. Jokowi claims that one plan for awakening the sleeping giant was to develop an institution that would emerge as Indonesia’s largest sharia bank. The President applied to the merger of three Sharia …

In theory, the cabinet on Tuesday accepted a proposal from the Ministry of Public Health to amend the Drugs Act to allow patients, medical practitioners and traditional healers to cultivate cannabis for medicinal and commercial use. Deputy government spokeswoman Traisulee Traisoranakul said the cabinet accepted the proposal that Public Health Minister Anutin Charnvirakul made last year to change the drugs …