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Philippines: Economists see one more rate hike in Q4

MANILA, Philippines — Private economists expect the Bangko Sentral ng Pilipinas (BSP) to continue with its tightening episode as the 150-basis-point rate hike is not enough to curb rising inflationary expectations. Benjamin Shatil, regional economist at J.P. Morgan, said the BSP’s Monetary Board is expected to further raise interest rates by another 25 basis points in the […]

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Thailand: State pact on e-marketplace scheduled

The Digital Economy and Society (DE) Ministry is set to deliver an integrated e-marketplace platform by October as a tool to promote e-commerce activities nationwide.  The move will enable people to easily access a digital marketplace through the government’s national broadband network for villages, or “Net Pracharat” project.  The DE Ministry plans to sign a […]

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Vietnam PMI drops to 10-month low in September

The Hanoitimes – Operating conditions have now improved in each of the past 34 months. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) dropped to 51.5 in September from 53.7 in August, indicating a further slowdown in growth momentum in the manufacturing sector, according to Nikkei and IHS Markit. A reading below the 50 neutral […]

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Effectiveness of Indonesian palm oil moratorium disputed

The Indonesian government has placed a temporary ban on the development of its lucrative palm oil industry as it seeks to review existing concessions and sort out land ownership problems.  The three-year moratorium, based on a presidential instruction issued on Sept 19, orders five ministries, the state investment coordinating body BKPM and regional governments to conduct a […]

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