MANILA, Philippines —The Philippines’ dollar surplus hit a record-high last year, a feat that was not necessarily good news as it showed a weakened economy with less need for dollars as local demand struggled to gain ground. Dollars are typically used to settle external obligations like foreign debts and imports, and last year, inbound shipments […]
Read MoreSINGAPORE – Singapore is working to grow its strong manufacturing base and seeks to attract the top players to anchor their operations here, said Trade and Industry Minister Chan Chun Sing on Monday (Feb 1). The manufacturing industry remains a key pillar of Singapore’s economy and the Republic wants to build on its existing manufacturing […]
Read MoreThe coup in Myanmar is expected to dampen the already tepid interest of US and Western companies in investing in Myanmar, and may prompt some big US companies to pull out, trade experts and analysts said on Monday. Total trade in goods between Myanmar and the United States amounted to nearly US$1.3 billion in the first 11 […]
Read MoreDisplaying local specialties on e-commerce platforms has proven to be the quickest way to increase the value of Vietnam’s farm produce and introduce it to international customers. Local specialties reach global market on e-commerce sites Displaying local specialties on e-commerce platforms has proven to be the quickest way to increase the value of Vietnam’s farm […]
Read MoreThailand’s household debt, already among the highest in emerging Asia, is expected to rise further as a fresh Covid outbreak curbs incomes, weighing on consumer spending and heightening financial-stability risks. Household debt stood at 13.8 trillion baht, or 87% of gross domestic product, at the end of September 2020, up from 79% a year earlier, according […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) appears to be running out of ammunition after emerging as one of the most aggressive central banks in countering the impact of the pandemic, according to Moody’s Analytics. Erik Chiang, an associate economist at Moody’s Analytics, said inflation is now trending closer to the top end […]
Read More
Thailand
