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Philippines to move its mint outside Manila

Bloomberg Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal to relocate its production facility for coins and bank notes to New Clark City, a former US air base where the government is building a back-up capital. “We will build facilities ...

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Indonesia detects 4,000 haze hotspots

Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

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Firms fleeing Hong Kong look to Singapore

Bloomberg Almost a quarter of businesses in a new survey are thinking of leaving Hong Kong to escape ongoing protests, with most looking to Singapore as their favoured location. Some 23 percent of surveyed companies with an office in Hong Kong are considering moving business functions from the city, while 1 percent already have plans to relocate, according to the ...

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