The Bangko Sentral ng Pilipinas ( BSP), the country's central bank, relaxed its rules on foreign currency transactions Thursday in a bid to stem the appreciation of the Philippine peso against the U.S. dollar.
The G8 foreign ministers issued a joint statement on Thursday following their meeting in London, expressing commitments on preventing and ending global and regional conflicts.
Myanmar entrepreneurs have voiced opposition to allowing foreign investment in joint ventures with local tourism operators, the ruling-party-run Union Daily reported Tuesday.
Myanmar will allow exchange of local currency Kyat with two more foreign currencies -- Chinese yuan and Thai baht -- at Myanmar banks and money exchange counters legally set up in the country, official media reported Thursday.
Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivered his budget speech in the parliament on Monday, saying that the government, in a bid to pursue quality growth, will further tighten foreign worker policies while supporting the drive to boost productivity.
Investing in Myanmar has been a topic heated discussed by businesspeople, researchers as well as government officials at the Asia Financial Forum which opened on Jan.15 in Hong Kong.
The growth of China's exports and imports slowed in November from one year earlier, causing the country's monthly trade surplus to contract to 19.63 billion U.S. dollars, customs data showed Monday.