MANILA, Philippines — Fitch Solutions Macro Research expects the Philippines to incur a wider budget deficit next year as the 2020 national budget supports President Duterte’s desire to transform the country into an upper middle-income economy. The unit of the Fitch Group said the Philippines may incur a wider budget shortfall of 3.5 percent of […]
Read MoreMore than 250,000 Chinese visitors are expected to travel to Thailand during China’s Golden Week, up about 20% from the same period last year when the industry was reeling from the fatal tour-boat accident off of Phuket. The festival falls on Oct 1-7. Vichit Prakobgosol, president of the Association of Thai Travel Agents (Atta), said […]
Read MoreLaos will continue to cooperate with regional and development partners to protect migrant workers’ rights, a conference in Siem Reap, Cambodia was told last week. Conducted under the theme ‘Toward the Protection of Migrant Workers in CLMTV Countries: Cooperation in Social Security’, the opening of the 3rd Ministerial Conference on Labour Cooperation in Cambodia, Laos, […]
Read MoreSINGAPORE’s headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday. Headline inflation rose to 0.5 per cent, up from 0.4 per cent in July and largely in line with economists’ expectations. This reflects higher private road transport inflation and […]
Read MoreThai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said Thai rice shipments may slip to as low as 8 million tonnes this year, led by a sharp drop in white rice exports. He predicts […]
Read MoreMANILA, Philippines — The percentage of Filipino households with savings at present reached an all-time high in the third quarter as consumers expect inflation, interest and unemployment rates to increase and the peso to weaken against the dollar, according to the results of a quarterly survey conducted by the Bangko Sentral ng Pilipinas. Redentor Paolo […]
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