Most Asian currencies appreciated strongly against the US dollar since Biden’s electoral win, but the Philippine peso has remained stable. In fact, the peso’s volatility has dropped to its lowest in 20 years. According to Bloomberg, the three-month option volatility of USD/PHP fell to its lowest level since May 2000. The peso has steadily been […]
Read MoreForeign enterprises poured a considerable amount of capital into manufacturing and processing projects in the first half of January, according to the head of the investment office at the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza), Tran Viet Ha. Notable among them was a 34 million USD project sprawling over 7ha […]
Read MoreMANILA, Philippines — The economy may contract anew in the first quarter, further extending the pandemic-induced recession, according to economists. Bank of the Philippine Islands chief economist Jun Neri said the country’s gross domestic product (GDP) may contract mildly in the first quarter. “It seems consumer confidence is starting to show a more meaningful recovery […]
Read MoreThe Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. Among the bunch were five garment factories – Xin Yunfeng (Cambodia) Fashion Co Ltd’s $2.4 million project in the […]
Read MoreThe amended excise tax structure for cigarettes is scheduled to take effect on Oct 1, in response to the Tobacco Authority of Thailand’s request to review the 40% flat tax rate, says the Excise Department. The present tobacco tax structure is scheduled to expire in September, according to Excise Department director-general Lavaron Sangsnit. Although details […]
Read MoreMANILA, Philippines — Alfred Ty, chairman of Toyota Motor Philippines (TMP), believes the worst is over and is optimistic the automotive industry as well as other businesses will recover in due time from the negative impact of the COVID-19 pandemic. TMP, as the leading automotive company in the country, will take the wheel toward recovery […]
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