Marked tax-paid fuel breached 10 billion liters in mid-July
MANILA, Philippines — The government has collected excise taxes and import duties from over 10 billion liters of oil products as of mid-July through the fuel marking program. The latest…
Bureau of the Treasury: T-bill rates continue to fall
MANILA, Philippines – T-bill rates on Monday continued to fall across the board amid a low-interest-rate environment attracting robust demand for short-dated government securities. The Bureau of the Treasury raised…
Infra spending down 12.2% at end-May as lockdown halted projects’ construction
MANILA, Philippines — The amount spent by the government to build infrastructure during the first five months declined 12.2 percent year-on-year to P235.2 billion as construction of public projects stopped…
BSP’s P1.3-T cash infusion helping right PH economy
MANILA, Philippines — Cash poured into the local financial system by the central bank continued to help stabilize domestic liquidity conditions and and is helping ensure that money is available…
Over 3.6 million hotel rooms booked in Thailand under tourism stimulus campaign
The Nation/Asia News Network BANGKOK — The number of hotel room bookings under the “Rao Pai Tiew Gun” (Let’s travel together) campaign has reached 3.6 million as of Sunday. Traisuree…
Asian shares fall as investors eye EU meeting on pandemic
TOKYO — Asian shares were mostly lower Monday as investors cautiously eyed the summit of European leaders discussing the pandemic crisis and coronavirus cases continued to soar in the U.S.…
China to add 4,400 km rail lines this year
A trial train hits 220 kilometers per hour on a section of the Shanghai-Suzhou-Nantong Railway during a top-speed test run on May 4. XU CONGJUN/China Daily/Asia News Network BEIJING —…
PSE oks PH’s first REIT listing
The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P15.1 billion planned by property giant Ayala Land-sponsored AREIT Inc., which will be the first…
China’s economic rebound good news for Southeast Asian nations, says economist
A textile company resumes work in Zaozhuang, East China’s Shandong province, on Feb 20, 2020. sipaphoto.com via China Daily/Asia News Network WASHINGTON — China’s economic growth is likely to benefit…
Thailand to allow use of trees as collateral for loans
Government Spokesperson Narumon Pinyosinwat. The Nation/Asia News Network BANGKOK — Owners of 58 economically valuable trees will be able to use them as collateral when applying for loans at financial…