MANILA:The Philippine central bank said bond sales will become its main tool to control liquidity in the financial system, with its maiden sale of the securities on track for this quarter. “The Bangko Sentral ng Pilipinas securities, over time, shall be considered the BSP’s main liquidity tool for locking in structural liquidity surplus, ” the […]
Read MoreMyanmar is a step closer to allowing companies to challenge a bid from China Communications Construction Company (CCCC) to build the behemoth New Yangon City project, after hiring German consulting firm Roland Berger to oversee the tendering process. The so-called Swiss challenge will give the Southeast Asian nation the opportunity to demonstrate transparency in its […]
Read MoreJAKARTA: Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial […]
Read MoreMANILA, Philippines — The government’s economic planning body is standing pat on its forecast 5.5 percent gross domestic product (GDP) contraction this year despite the emergence of other risk factors on top of the prevailing COVID-19 pandemic. In a presentation before the Senate committee on finance yesterday, acting Socioeconomic Planning Secretary Karl Chua said the […]
Read MoreDESPITE the economic uncertainty, e-commerce players say they remain upbeat about the online retail landscape, given that preliminary data from this year’s 9.9 (Sept 9) sales appear better than last year’s. Lazada customers had a headstart at its 9.9 LazMall Big Brands Sale, which kicked off at midnight on Wednesday, offering products from electronics to […]
Read MoreThe Hanoitimes – In 2020, Vietnam’s GDP growth is set to hit 2.3% and then rebound strongly to 8% in 2021. The recovery prospects look brightest for Vietnam, which is expected to be the only Southeast Asian economy to record positive growth this year, according to the latest Global Economic Outlook report from Oxford Economics. In […]
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