Read More

Philippines: Labor issues hurting exports, says trade exec

MANILA, Philippines — Uncertainties in the labor sector brought about by the issue of contractualization have caused significant harm to the country’s exports which contracted for the second consecutive month in March after more than a year of expansion. Sergio Ortiz-Luis Jr., president of the Philippine Exporters Confederation Inc. and vice chair of the public-private […]

Read More
logo
Read More

Thailand: Policy rate likely to stay at 1.5%

THE MONETARY Policy Committee, in its meeting on May16, is expected to maintain the policy rate at 1.5 per cent as the country’s economic growth continues with inflation under control, analysts said. Bank of Ayudhya’s executive vice president Somprawin Manprasert said that the bank believes the Monetary Policy Committee will maintain the policy rate at […]

Read More
phil04
Read More

Philippines: BSP hikes rates, first in more than 3 years

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) finally raised interest rates for the first time in more than three years yesterday, saying monetary authorities are ready to take further policy action to temper inflationary pressures. BSP Governor Nestor Espenilla Jr. said in a press conference the central bank’s Monetary Board decided to raise […]

Read More