phil05
Read More

Philippine economy to grow below target in 2019, 2020 — IMF

MANILA, Philippines — The Philippines will likely miss its growth targets for this year and the next after the economy underperformed in the second quarter and as external headwinds bite, the International Monetary Fund reported Wednesday. In its new “World Economic Outlook” report, the Washington-based global lender said it expects the Philippine economy to grow 5.7% […]

Read More
logo
Read More

Just 500 people own 36% of the equity in Thai firms

Some 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, according to a study released by the Bank of Thailand’s research institute. Each of these 500 on average amasses 3.1 billion baht ($102 million) in company profits annually, according to the report from the […]

Read More