By the staff
Early this year, it was reported overseas that Indonesian community store chain operator PT Sumber Alfaria Trijaya was planning to set up shop in the Philippines through Singapore unit Alfamart Retail Asia Pte Ltd.
World stock markets were muted Thursday amid concern an improved U.S. economy might prompt the Federal Reserve to reduce its stimulus faster than previously expected.
After a lengthy and politically charged search, President Barack Obama has decided to nominate Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the powerful U.S. central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed’s monetary policies.
By Doris C. Dumlao
Local stocks firmed up on Thursday as investors took their cue from indications that US interest rates would not rise too soon.
The dollar edged up in Asia on Thursday after US Federal Reserve Chief Ben Bernanke said the bank’s easy money policy would remain in place until it was satisfied the economy was strong enough.