Bangladesh garment workers riot over wage row
(Jul 30)
DHAKA : Thousands of Bangladeshi garment workers blocked highways, attacked factories and looted shops in Dhaka on Friday, police said, after rejecting the terms of a government wage hike.
Indonesia: Economic Development Financing Facility (EDFF) Project for Aceh
(Jul 30)
Source: World Bank
Indonesia Pledges Safety of Over 3,000 Schools and 100-plus hospitals
(Jul 29)
Source: UN International Strategy for Disaster Reduction
Peso appreciates as appetite for US dollar dips
The peso strengthened further Thursday against the US dollar, benefiting from the generally anemic appetite of investors for the greenback.
FDC wants sale of all Napocor assets suspended
An activist group is urging the government to suspend the planned sale of all the remaining assets of the National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (EPIRA).
Fuel supply back to normal
The Department of Energy (DOE) yesterday said fuel supply in Metro Manila has normalized, after the pipeline that delivers fuel from Batangas to the Pandacan depot in Manila resumed operations last July 24.
Biogasoline sales to resume next month
An ethanol gasoline product will be sold in five large cities in Vietnam next month, nearly two years after its sales were halted due to the lack of quality standards for biofuel, the producer said Thursday.
BP said to hire HSBC to sell stake in Vietnam offshore field
BP Plc, seeking cash to help pay for the worst US oil spill, is moving ahead with asset sales by hiring HSBC Holdings Plc to sell its stake in a natural-gas field in Vietnam valued at about US$1.3 billion, according to two people with knowledge of the matter.
Banking paradox could hinder economic growth
The banking system is caught in a conundrum. Small banks are finding it difficult to attract deposits following interest rate cuts, while their larger brethren are not happy with surplus cash they cannot make good use of.
