MANILA, Philippines — Monetary authorities are likely to maintain interest rates at record lows as the economy has yet to recover from the impact of the COVID-19 pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. In his weekly online press briefing, Diokno said the withdrawal of liquidity-enhancing policy measures is unlikely this […]
Read MoreCambodia and Thailand agreed to reopen three regional border checkpoints in Battambang province on March 23 to facilitate trade. Battambang Provincial Administration deputy governor Soeum Bunrith told The Post the following day that goods began to flow across the checkpoints on the same day of the agreement. He identified the crossings as O’Anlok in Kamrieng […]
Read MoreKUALA LUMPUR: Malaysia’s near-term economic prospects remain upbeat as the country’s Leading Index (LI) increased by 8.2%, underpinned by healthcare and transportation, and as more people get vaccinated. The Statistics Department said the LI, which is a predictive tool used to anticipate economic upturns and downturns in average of four to six months ahead, increased […]
Read MoreThe Bank of Thailand on Wednesday slashed its economic growth forecast this year to 3% from 3.2% made in December, given the impact of the second wave of Covid-19 infections and tepid tourism. Titanun Mallikamas, secretary of the central bank’s Monetary Policy Committee (MPC), said the second wave of infections that emerged in December resulted […]
Read MoreThe One Commune One Product program is defined as a prioritized rural economic development program. Governmental ministries are seeking approval from the National Assembly (NA) for an investment policy of the National Target Program on New Rural Development for the 2021-25 period. The proposal, drafted by the Ministry of Agriculture and Rural Development (MARD) with […]
Read MoreMANILA, Philippines — The coronavirus pandemic has been prompting more Filipinos to abandon their desire to work abroad and instead look for jobs onshore that allow their employees to work from the comforts of their homes. A global report released Wednesday by JobStreet, an online job portal, showed a majority of 54% of Filipino respondents […]
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