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The governor of the Central Bank of the Philippines said: "But if oil prices reach $100 a barrel, we may start to exceed the so-called tolerance range. If we exceed the 4% inflation rate, we will have to take measures to regulate monetary policy."On March 6th, the Zhengzhou Municipal Bureau of Urban and Rural Construction issued a notice soliciting public opinions on the "Implementation Opinions of the Zhengzhou Municipal Peoples Government on Vigorously Promoting the Development of Prefabricated Buildings (Draft)". The consultation period is from March 6th to April 6th, 2026. The draft proposes, in accordance with relevant notices, to cooperate with relevant provincial departments to support financial institutions in establishing a "green" channel for eligible enterprises engaged in the construction of prefabricated building industrial bases (parks), projects, and technological research and development. This includes increasing credit support, expanding the types and scope of collateral, and providing preferential treatment in loan amounts, terms, and interest rates. For those using housing provident fund loans to purchase prefabricated commercial housing, support will be provided according to differentiated housing credit policies, with loan amounts potentially increasing by up to 20%.NIO (NIO.N) officially launched its premium all-electric compact car brand Firefly in Thailand on Thursday, as part of its global market expansion strategy.March 6th - The policy outlook for central banks in developing Asian countries is shifting as traders increase bets that a war in Iran will trigger an oil price shock. Overnight index swaps show significant changes in interest rate pricing across Asia. The most notable changes are in India and the Philippines, where the market now expects rate hikes rather than cuts; while in Thailand and Indonesia, although rate cuts are still expected, the probability is rapidly declining. Selena Ling, Head of Research at OCBC Bank, said on Friday, "Given the potential for continued conflict in Iran, Asian central banks will remain highly sensitive to oil price movements and will likely closely monitor whether the room for monetary easing has disappeared in the short term." Indonesia and the Philippines saw accelerated CPI growth in February and are expected to rise further. Both countries are heavily reliant on fuel imports, and a weaker currency further increases import costs. Investors are also preparing for higher interest rates in Malaysia, whose economy is among the fastest growing in the region. Even in Thailand, where inflation has been in negative territory for nearly a year, the Ministry of Commerce has warned that the index could begin to rise this month as the Middle East conflict pushes up food and fuel prices.Malaysian Deputy Minister of Trade: Malaysia and ASEAN have an opportunity to demonstrate to the world their status as a stable, neutral and peaceful region.

Southern Copper Says Peru Project Still Closed Despite Recent Peace Accord

Haiden Holmes

Apr 14, 2022 09:51

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A recent agreement aimed at resolving demonstrations at the Cuajone copper mine prompted the corporation to dismiss accusations against protest leaders, despite a continuous blockage of the mine's railway, the firm claimed in a statement. Since February 28, production has been halted.


Separately, Peru's Energy Ministry said that it had signed an agreement with Southern Copper to begin discussions with local people.


"If we were to shut for a year, the government would lose approximately 3.1 billion soles ($830 million) in taxes and royalties, as well as 8,000 direct and indirect employment. That is precisely what we want to prevent "Southern Copper's statement was supplemented.


Peru is experiencing a surge of demonstrations from indigenous communities alleging that mining companies are failing to provide adequate employment and money to underprivileged indigenous people.


Adrian Armas, the central bank's deputy governor, said last week that protests at copper mines including MMG's Las Bambas and Southern Copper's Cuajone are weighing on the economy.


Peru is the world's second largest copper producer, and mining is a significant source of cash for the government.


Protests erupted against many mining corporations in Peru in July, when leftist President Pedro Castillo was elected with the support of the country's poor mining districts.

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