MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may be underestimating the country’s inflation risks as high oil prices will soon be the problem, prompting consumer prices to surpass government targets. In its latest economic monitor, UK-based Pantheon Macroeconomics said the BSP is very slowly taking near-term inflation risks seriously, evident in its modest […]
Read MoreAccording to the Vietnamese trade affairs office in Cambodia, Vietnam exported $728.4 million worth of goods to the neighbouring country in the period, a rise of 8.6 percent, while importing more than $603 million, up 335 percent. Vietnam mainly shipped steel, oil and gas, garment-textiles, consumption goods, and other agricultural products like fish, meat and […]
Read MoreBangkok should be included in the tourism sandbox scheme for October that allows vaccinated visitors to enter without quarantine, or else Thailand will miss its goal of 6.5 million foreign tourists this year, say tourism operators. Vichit Prakobgosol, vice-president of the Tourism Council of Thailand (TCT), said Bangkok is a strategic tourism hub as 90% […]
Read MoreMANILA, Philippines — The Philippines remains poised to suspend tariff concessions on Thai products entering the country if needed, even as it is closely watching the facilitator-led process to resolve Thailand’s compliance issues regarding a World Trade Organization (WTO) decision on a cigarette tax case, the Department of Trade and Industry (DTI) said. Trade Undersecretary […]
Read MoreGlobal uncertainties are forcing financial centers around the world to redefine their activities, as such, Vietnam should grasp this opportunity to build a continental-level finance center to attract investment capital. Investment from Las Vegas-based casino and resort group Global Gaming Asset Management (GGAM) is estimated to boost Vietnam’s GDP growth by 2%. “A casino project […]
Read MoreMANILA, Philippines — More Filipinos went jobless and people already working were looking for bigger earnings in a sign people were merely getting by during the crisis. An estimated 4.2 million people were reported unemployed in February, up from 4 million in January even as the economy was already reopened and businesses had long restarted, […]
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