MANILA, Philippines — The Philippines need to harness significant lessons from the pandemic to prepare for future shocks, according to BSP Governor Benjamin Diokno. “Indeed, deep into the pandemic and even during the strictest part of the lockdown, we have exhibited fortitude and resilience as individuals and as a nation. But resilience is not enough. […]
Read MoreThe government’s decision to intensify measures to curb the spread of Covid-19 infections in five provinces, including Samut Sakhon, should not have a severe impact on factory operations if the actions last for a short period, says the Department of Industrial Works (DIW). Samut Sakhon, along with the eastern provinces of Chon Buri, Rayong, Chanthaburi […]
Read MoreCambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. The US Congress’ delay affects all 119 designated beneficiary countries and territories – Cambodia included […]
Read MoreThailand’s economic outlook would be substantially affected by a surge in coronavirus cases, minutes of the central bank’s last policy meeting showed on Wednesday, as the Bank of Thailand (BoT) saw a need to preserve limited policy room. On Dec 23, the central bank’s Monetary Policy Committee left the one-day repurchase rate at a record […]
Read MoreSINGAPORE (CNA) – Singapore’s factory activity expanded for the sixth consecutive month as demand continues to improve amid the COVID-19 pandemic. The Purchasing Managers’ Index (PMI) posted a marginal increase of 0.1 point from the previous month to record an expansion of 50.5 in December, data from the Singapore Institute of Purchasing & Materials Management […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen keeping real interest rates in negative territory to help the country recover from the pandemic-induced economic recession through higher spending, according to economists. ING Bank senior economist Nicholas Mapa said the BSP is likely to keep interest rates at an all-time low of two […]
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