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With no solution in sight for Thailand, investors look to PH, Indonesia

Protesters chant slogans in support of Prime Minister Yingluck Shinawatra and her government outside the gate of the National Anti-Corruption Commission office in Bangkok, Thailand, Thursday, Feb. 27, 2014. Thailand's anti-graft commission on Thursday summoned Yingluck Shinawatra, to hear charges of negligence for allegedly mishandling a government subsidy program. Her supporters blocked access and chain-locked one of the gates to the agency's headquarters, so Yingluck's legal representatives met commission members elsewhere to accomplish the formalities. AP

Foreign investors prefer Indonesia and the Philippines right now as they do not see any sign of a solution to Thailand’s political crisis, Chua Hak Bin, Asean economist at Bank of America Merrill Lynch, told The Nation during an exclusive interview.

Posted: March 1st, 2014 in Latest Business Stories,Photos & Videos | Read More »

Indonesia’s Batik Air to launch international service

An airline owned by Indonesia’s Lion Group announced Thursday it will launch international services with a flight from Jakarta to Singapore later this year.

Posted: February 27th, 2014 in Latest Business Stories | Read More »

WTO’s ‘Bali Package’ to benefit PH, says Domingo

Trade Secretary Gregory L. Domingo: More strategic level. INQUIRER FILE PHOTO

The Philippines has joined 158 other nations in what is being hailed as the first global trade agreement in over two decades.

Posted: December 8th, 2013 in Latest Business Stories | Read More »

WTO’s global role hangs in the balance at Bali summit

An activist wraps his face during a protest against the World Trade Organization meeting in Bali, Indonesia on Tuesday. Indonesia is hosting the World Trade Organization Ministerial Conference from December 3 - 6. The word ‘Gerak’ means movement. AP

The WTO launches a frantic drive on Tuesday to salvage its floundering efforts to liberalize global trade at a summit laced with potential make-or-break implications for the body’s global influence.

Posted: December 3rd, 2013 in Latest Business Stories,Photos & Videos | Read More »

Indonesia hit with mass strike over wage hike demands

Indonesian workers march during a rally against low wages in Jakarta, Indonesia, Thursday, Oct 31, 2013. Thousands of workers staged the rally demanding the Jakarta government to set a new regional minimum wage at Rp. 3,7 million (US $325). (AP Photo/Achmad Ibrahim)

Tens of thousands of workers went on strike across Indonesia Thursday, in the latest industrial action to hit Southeast Asia’s top economy as its citizens seek a greater share of the spoils from stellar growth.

Posted: November 1st, 2013 in Latest Business Stories | Read More »

Indonesians stage nationwide strike over pay

A worker walks at the site of a groundbreaking ceremony for the construction of a railway, in Jakarta, Indonesia, on Oct 10, 2013. Workers across Indonesia begin a two-day strike Thursday to demand higher salaries, the latest industrial action in Southeast Asia's top economy as people push for a greater share of the profits from stellar growth.  AP

Workers across Indonesia begin a two-day strike Thursday to demand higher salaries, the latest industrial action in Southeast Asia’s top economy as people push for a greater share of the profits from stellar growth.

Posted: October 31st, 2013 in Featured Gallery,Latest Business Stories | Read More »

Indonesia central bank hikes rates, cuts growth outlook

Stacks of Indonesian rupiah notes at a money changer office in Jakarta. Indonesia's central bank Thursday, Sept. 12, 2013, unexpectedly hiked its main interest rate in an aggressive bid to boost the rupiah, as it forecast recent economic turmoil would push growth in 2013 to a four-year low.  AFP PHOTO/ADEK BERRY

Indonesia’s central bank Thursday unexpectedly hiked its main interest rate in an aggressive bid to boost the rupiah, as it forecast recent economic turmoil would push growth in 2013 to a four-year low.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Emerging markets seen to withstand capital flow reversal

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The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

Asian emerging markets appear in a much better position to withstand the ongoing reversal of capital flows than during the Asian currency crisis of 1997, according to British bank Barclays.

Posted: September 9th, 2013 in Latest Business Stories | Read More »

Basic Energy ramps up spending for projects

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FILE PHOTO

Listed oil and gas exploration and development firm Basic Energy is spending $2.5 million this year to develop its first two oil well ventures in Indonesia and prepare renewable energy projects in the Philippines, company president and CEO Oscar L. de Venecia Jr. told reporters.

Posted: July 17th, 2013 in Latest Business Stories | Read More »

Manila Water’s Jakarta bid goes down the drain

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Manila Water Co. Inc. (MWC) on Wednesday confirmed that its subsidiary’s plan to take over water service concessionaire PT PAM Lyonnaise Jaya (Palyja) in Indonesia would no longer push through.

Posted: July 4th, 2013 in Headlines | Read More »

Indonesia moves to back up rupiah amid foreign outflow

US dollar, Indonesian rupiah and Chinese renminbi currencies are displayed in the poster of a money exchange shop in Jakarta on June 12, 2013.  AFP FILE PHOTO

Indonesia’s central bank has moved to shore up its rupiah currency after it hit a four-year low, as foreign investors exit emerging markets due to expectations that huge stimulus schemes in the developed world will soon end.

Posted: June 13th, 2013 in Latest Business Stories | Read More »

Alsons explores energy prospects in Indonesia

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Alsons Consolidated Resources Inc. remains keen on exploring energy opportunities in Indonesia, as part of its expansion plans outside Mindanao, where most of its power assets are located.

Posted: May 30th, 2013 in Headlines | Read More »

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