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NEWS UPDATE
NEWS UPDATE   September 22,  2017

• SOEs urged to accelerate development of Kuala Tanjung industrial park

• Cebu Landmasters to roll out P10.61 billion of projects

Govt picks Inalum to buy Freeport’s shares

• Gov’t regulations still hindering businesses

• Healthcare expo opens in City



September 21,  2017
• Startup investment grows 60 times in five years

• VN posts 11.5% IT revenue growth


Over 73,000 villages beneficiaries of electrification program by August

• Bangladesh to buy 100,000 tonnes of white rice from Myanmar

• Market corrects on sell pressure



September 20,  2017
• Construction ministry asked to stabilise local sand market

• Government prepares Rp 94.53t in energy subsidies for next year

Environmental NGO Mother Nature dissolved

• Government mulls increasing ceiling on import taxes

• SBV to rate local credit institutions



September 18,  2017
• Indonesia books $1.72b trade surplus in August

• Vietnamese gold trading market slows to a crawl

Groundbreaking for LRT-MRT common station set for Sept. 29

• House approves macroeconomic assumptions in 2018 state budge


• Viet Nam wants foreign investors for SOE equitisation



September 15,  2017
• PHL to release new foreign investment ‘negative list’ before end of 2017

• Cambodia gets low marks in ‘human capital’ report

Thua Thien Hue attracts $87 million investment

• $58M ‘hot money’ exited PHL in August, says BSP


• Khanh Hoa Sanest Beverage earns $10m from IPO



September 14,  2017
• ICTSI gains P1.051 billion from treasury share sale

• Singtel launches website for iPhone 8, iPhone X smartphones

FDI inflow into HCM City shoot up

• Labor group wants shorter work day vs. compressed work week

• VND11.3 trillion museum to be built in 2021



September 13,  2017
• VN, South Africa discuss trade ties

• Lippo’s Meikarta secures 32,000 fixed buyers

Retail sales up 1.8% in July led by strong petrol service stations sales

• State budget collection up 13 per cent


• New initiatives under Green Building Masterplan to emphasise healthier work environments



September 12,  2017
• VN, Russia aim for $10b trade in 2020

• MPMFinance gets $190m in syndicated loan

ASEAN, trading partners agree to set realistic RCEP offers

• PHL may source military equipment from Russia

• Derivatives market’s first month a successdded.



September 11,  2017
• State budget deficit at 1.65% of GDP by August

• Consumer confidence slips to 10.2% in Q3


Consumers increasingly tech-savvy: Nielsen

• Indonesia to increase palm oil production to 42 million tons by 2020

• Local firms fail miserably with information disclosure



September 8,  2017
• Proximity Designs and Yoma Bank Sign Innovative Funding Agreement

• Government spends 50.9% of state budget by August

VN, Egypt target two-way trade worth $1 billion

• Consumers optimistic amid lower confidence in August


• Quang Ninh to get new port, industrial complex



September 7,  2017
• Singapore's 2017 growth forecast to remain at 2.5%

• Government revokes construction ban for islets C and D

NEDA approves P355.6-billion Manila subway project

• Japan eyes several mega infrastructure projects

• Ministry outlines three growth scenarios for 2018



September 6,  2017
• BSP sees manageable inflation path despite clocking in faster last August

• Garment firm GTI to take out loan for $4.2M


PH halal exports seen doubling to $1.4 B in 2018

• Sokha arrest won’t impact voter registration: NEC

• Eight-month credit growth rate touches 11.5%



September 4,  2017
• Myanmar plans to promote bamboo production in cooperation with China

• Number of traded stocks on HNX reaches 1,000

Globe drives home broadband improvement in PH

• Vietnam News, Ties, China, Chinese investment

• BSP sees inflation at 2.6–3.4% in August



September 1,  2017
• Govt launches 16th economic package to boost investment

• Over 100 outstanding students from Myanmar to study in China

PM warns garment factory workers of CNRP.


• Ancora losses widen in first half of 2017

• Fitch upgrades PLDT credit rating outlook to stable



August 31,  2017
• Grab to invest US$100 million in Myanmar

• Kalla instructs Geo Dipa to resolve power plant rights issue

Public sceptical of media attacks


• Auto industry calls for luxury tax cut on sedans

• Vietnam’s Viettel to launch 4G network in Myanmar



August 30,  2017
• Balance of payments to record $7b surplus in 2017

• SM confirms investment talks with Goldilocks Bakeshop


Bank South Pacific deal with RMA is finalised

• Deflation may occur in August: Bank Indonesia

• Cambodia Daily calls government action ‘assault’ on the press



August 28,  2017
• PHL economic outlook less upbeat in Q3

• Gerindra says the draft 2018 state budget unrealistic

Room to develop VN-Turkey ties


• Gov't underspending falls to 0.4% at P6B in H1

• Peer-to-peer lending bears risk of bad debt: Economist



August 25,  2017
• Gov’t incurs P50.5-billion budgetary deficit in July

• Thousands of migrants must depart Thailand

Election to have little impact on banks

• Henry Sy, infrastructure tycoons led 2017 Forbes Rich List


• Hundreds of solar projects registered to invest in VN



August 24,  2017
• Indonesia needs to realize its sharia economy potential

• Hundreds attend labour laws seminar hosted by SMART Myanmar and GIZ at UMFCCI

Indonesia-Russia barter agreement reaches Rp 15 trillion

• Foreign investors to seek cooperation with Hau Giang

• Senate finance panel OKs DOE’s P2.6-B budget for 2018



August 23,  2017
Inflation weighs more than the exchange rate – economic team

• Bank Mayapada to issue Rp 750 billion in bonds

Smart Axiata launches 4.5G services in the Kingdom


• 7 major soft drinks manufacturers in Singapore to reduce sugar content in drinks

• Country records $2.45 billion trade deficit by mid-August


August 21,  2017
• PHL payments deficit widens to $678M in July

• Malaysia surprises with 5.8% GDP growth, may add fuel to early election talk

Steelmaker to invest in $97m factory

• UN envoy meets with NEC


• Banks loosen purse strings for small businesses



August 18,  2017
• Govt targets Rp 1.61 quadrillion in tax revenue in 2018

• Finance Ministry proposes ‘reasonable’ tax hikes

KTC posts Bt1.519 Billion net profit for the first half of 2017


• Sihanoukville port shows solid growth for quarter two

• Bangkok Airways (BA) announces operating results for the six-month period of 2017


 



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