MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is in no rush to siphon off the extra liquidity it injected into the financial system, even as it starts to unwind some of the measures it implemented to cushion the impact of the pandemic on the economy. According to BSP Governor Benjamin Diokno, the central […]
Read MorePETALING JAYA: Malaysian Government Securities (MGS) yields are expected to remain at current low levels for the remainder of the year compared with last year. This would be underpinned by yield-hunting activities amid the low global interest rate environment and subdued inflation outlook, according to Malaysian Rating Corp Bhd (MARC). MARC chief economist Nor Zahidi […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. The comments were made during a memorandum of understanding (MoU) signing for a contract farming […]
Read MoreMany financiers from the Republic of Korea (RoK) are expecting that regulations on financial investment activities in Vietnam will become clearer and more open with the revised Investment Law coming into force. Regarding economic co-operation between the two countries during the novel coronavirus (COVID-19) pandemic, Hong Sun, vice president of the Korea Chamber of Business […]
Read MoreThe central bank has advised that monetary policy should remain accommodative for some time to support Southeast Asia’s worst performing economy through the coronavirus pandemic and help inflation return to target. The Monetary Policy Committee expects headline inflation – projected at minus 1.7% this year – to get back to the 1%-3% target range in […]
Read MoreMANILA, Philippines — A prolonged lockdown that has now been in place for four months will cause the Philippine economy to contract by eight percent this year and make it among the slowest to recover in Asia, a London-based think tank said. In a report, Capital Economics placed the pace of economic recovery in the […]
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