The Bangko Sentral ng Pilipinas yesterday said annual inflation rate in May would likely remain outside its 2 to 4 percent comfort range due to higher fuel and rice prices. The BSP forecast an inflation range of 4.6 to 5.4 percent for May, above the 4.5 percent reading in April, which was the fastest in […]
Read MoreSINGAPORE (Nikkei Markets) — The pressure on emerging markets in Southeast Asia is set to increase as the strengthening dollar aggravates concerns about debt in the region. The recent political turmoil in Italy has added to the risks that have weighed on these markets in recent months, weakening both their currencies and stocks. Among the […]
Read MoreVIENTIANE (Vientiane Times/ANN) – Laos and Myanmar have taken another step towards implementing a Memorandum of Understanding (MOU) on power cooperation that was signed in January this year. Senior officials from the two nations met at the 1st Joint Working Committee Meeting (JWC) held in Nay Pyi Taw, Myanmar, recently to discuss the agreement […]
Read MoreSINGAPORE: Amid the pick-up in economic conditions, the National Wages Council (NWC) on Thursday (May 31) recommended that low-wage workers earning a basic monthly salary of up to S$1,300 receive a pay increase of S$50 to S$70. This is higher than last year’s recommendation of S$45 to S$60 for low-wage workers earning up to S$1,200. This […]
Read MoreThe Bank of Thailand has sounded an alarm to banks in light of the growing appetite for mortgages, urging them to retain their risk management practices when considering housing loans. Some financial institutions are offering a higher loan-to-value (LTV) ratio to homebuyers amid intense competition for mortgage products, said Bank of Thailand governor Veerathai Santiprabhob. “We […]
Read MoreMyanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, marking […]
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