Southeast Asia is providing a haven as the region’s economies accelerate.
Indonesia and Thailand are the biggest gainers this year among Asian equities, a turnaround from 2015 when the two benchmark indexes tumbled more than 12% amid a plunging baht and rupiah.
Philippine miners to cut nickel ore output, exports
The Philippines became the top supplier of nickel ore to China, the world’s biggest consumer of the metal used in stainless steel, after Indonesia banned exports of unprocessed minerals in 2014.
Gov’t to lease Japan aircraft for territorial defense
THE PHILIPPINES is to lease from Japan five aircraft to help patrol the disputed South China Sea; President Benigno S. C. Aquino announced on Wednesday, as China expands its military presence in the region.
Peza notes increased Taiwan investments in PHL
Taiwanese firm involved in electronic-manufacturing services
PHL, India eye stronger ties in manufacturing
Trade and investment relations between the Philippines and India hold great potentials for growth, especially in manufacturing, based on assessments made by officials of both countries who graced the Philippines and India: Partners in Progress business forum held in Makati City on Wednesday.
Other areas that have the potential for growth are in pharmaceuticals, said Philippine Economic Zone Authority Director General Lilia B. de Lima, while real estate holds promise, as well.
FOREIGN BUSINESSMEN have become more optimistic about the Philippines’ long-term economic prospects as they committed nearly a third more in job-generating investments during the last full year of the Aquino administration.