MANILA: The Philippines’ economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said. “With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office […]
Read MoreThe Hanoitimes – Quality of lending to real estate sector could be rigorously monitored from 2019. The authority aims at directing capital flows towards manufacturing and business sectors and reducing capital flows into risky non-production sectors, including real estate, according to Bao Viet Securities Company (BVSC). Under this circumstance, quality of lending to real estate sector […]
Read MoreTHAI WORKERS will enjoy a salary increase of 5.5 per cent in 2019, similar to the previous year, according to a forecast issued by consulting firm Korn Ferry. In the Korn Ferry 2019 Global Salary Forecast, Thailand is ranked fifth in terms of real-salary forecast – tied with Azerbaijan – at 3.9 per cent, among […]
Read MoreThe Hanoitimes – Despite global growth slowdown in 2019, Vietnam is expected to grow at 6.5% year-on-year whereas inflationary pressures are likely to remain benign and well below the State Bank of Vietnam’s (SBV)`s 4% ceiling at 3.4% year-on-year. In its recent report, British bank HSBC expected depreciation pressures on the Vietnamese dong (VND) to be […]
Read MorePETALING JAYA: Inflation has remained moderate since the abolition of the goods and services tax last June, despite the sales and service tax being reintroduced. Data from the Statistics Department showed that inflation, measured by the change in the consumer price index (CPI), rose at a slower-than-expected pace of 0.2% year-on-year (y-o-y) last December. The figure was lower than the 0.3% increase […]
Read MoreGDP growth slows to 6.2% The Philippine economy grew at a slower pace in 2018, failing to hit the government’s target but still among the fastest in Asia, the National Economic and Development Authority (NEDA) reported yesterday. In the fourth quarter of 2018, gross domestic product (GDP) growth registered at 6.1 percent, weaker than the […]
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