MANILA (Philippine Daily Inquirer/ANN) - The Department of Finance revealed that the government plans to take a loan of $300 million to $500 million from the Asian Infrastructure Investment Bank for funding projects due for implementation.
BANGKOK (The Nation/ANN) - Amazon Web Services has gained a stronghold in the Association of Southeast Asian Nations by recently establishing offices in Thailand, Malaysia and the Philippines to capitalise on the ever-increasing business opportunities for cloud computing services.
MANILA (Philippine Daily Inquirer/ANN) - The Philippines’ finance chief assured Bangladeshi officials that the Duterte administration would actively help it recover funds stolen by hackers last February but also urged them to cooperate in the investigation.
MANILA (Philippine Daily Inquirer/ANN) - Rizal Commercial Banking Corp stated it was not liable to pay Bangladesh Bank for the theft of its funds deposited at the at the New York Federal Reserve Bank as it was the negiligence of the South Asian country's central bank that led to the crime.
MANILA (Philippine Daily Inquirer/ANN) - Bangko Sentral ng Pilipinas plans to soon initiate bilateral talks with the central banks of Thailand and Indonesia, with the aim of inking an agreement under the Asean Banking Integration Framework.
HO CHI MINH CITY, Vietnam (Viet Nam News/ANN) - Banks from South Korea and Japan have told Le Van Khoa, vice-chairman of Ho Chi Minh City People’s Committee, they are ready to invest in key infrastructure and transport projects besides in building and transferring of technology.