MANILA, Philippines — The Philippines is the “only non-outperforming economy” in the region, McKinsey Global Institute said in its latest report, which noted that the country has the potential to stand out should it maintain its accelerated growth pace. Seven economies achieved or exceeded real annual per capita gross domestic product growth of 3.5 percent […]
Read MoreTHE UNIVERSITY of Thai Chamber of Commerce (UTCC) has raised its forecast of Thailand’s economic growth this year to 4.6 per cent from an earlier estimate of 4.5 per cent after improved export, tourism and crop prices. It also expects the Bt40-billion spending in the 2019 general elections to spur the economy. Thanavath Phonvichai, director […]
Read MoreBank Indonesia has said that foreign consumer payment applications, like China’s Alipay and WeChat that Chinese tourists reportedly used in Bali, are not approved for local use. The central bank said the applications did not comply with regulations, in particular because they did not have a cooperation with local payment systems. BI payment system policy executive director Onny Widjanarko said in […]
Read MoreThe Hanoitimes – Remittances contribute significantly to supporting the country`s economic development, increasing its foreign exchange reserves and balancing its current account. Vietnam is amongst the top ten countries, second in ASEAN after the Philippines, in terms of receiving remittance flows in the world, with the volume being around 2.5% total global remittances in 2017, according […]
Read MorePETALING JAYA: Expectations that the fiscal deficit level will decrease are running high on the back of rising sentiment on crude oil prices. The Malaysian government should be able to improve on its fiscal deficit level, on the back of fiscal spending discipline and crude oil price averaging between US$70 and US$80 per barrel, said Alliance Bank Malaysia Bhd chief economist Manokaran Mottain. The fiscal deficit guided for […]
Read MoreMANILA, Philippines — Foreign portfolio investment inflows hit a four-month high of $225.85 million in August, reversing a net outflow of $57.52 million in the same month last year on the back of good second quarter corporate earnings results. According to the Bangko Sentral ng Pilipinas (BSP), last month’s foreign portfolio or hot money inflow […]
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