The country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The statistics agency said consumer price growth last month was the slowest since the 1.3 percent posted in November […]
Read MoreThe “money burning” race in the local e-commerce scene is not over yet, with all Big Four competitors scampering to gain a larger market share. The war of attrition in e-commerce was forecast to moderate as soon as the Big Four (Lazada, Tiki, Shopee, and Sendo) consolidate their supremacy. However, contrary to the prediction, the […]
Read MoreThe coronavirus-induced economic downturn might cause up to 12.3 million people to fall into poverty by the second quarter of this year if the government fails to contain the pandemic soon, researchers warn. The Center of Reform on Economics (CORE) Indonesia based its estimation under the assumption that the pandemic will reach its peak by […]
Read MoreAnalysts expect the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates after the country’s headline inflation dipped to a five-month low of 2.2 percent in April. According to ING Bank Manila, ANZ Research, Nomura and JP Morgan analysts, lower consumer price growth last month gives the central bank more space to continue easing […]
Read MoreKUALA LUMPUR, May 5 — Bank Negara Malaysia has reduced its overnight policy rate yet again after earlier cuts in January and March, slashing it today by 50 basis points to 2.00 per cent. The central bank said the decision was made in its Monetary Policy Committee meeting today in response to deteriorating business conditions […]
Read MoreThe Ministry of Industry and Trade has extended the period of selecting prestigious exporters for 2019 until May 30, one month later than the schedule of April 30 due to the impact of the COVID-19 pandemic. The ministry has announced this extension to ministries, sectors, the Vietnam Chamber of Commerce and Industry, commodity associations, industry […]
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