MANILA, Philippines — Global banking giant Citi raised anew its inflation forecast for the Philippines, expecting the consumer price index (CPI) to breach the two to four percent target of the Bangko Sentral ng Pilipinas (BSP). Nalin Chutchotitham, economist for the Philippines at Citi, said inflation may average 4.2 percent this year on the back […]
Read MoreCentara Hotels & Resorts has opened its second Centara Mirage brand resort in southern Vietnam. Located a few hours’ drive from Ho Chi Minh City, Centara Mirage Resort Mui Ne will be a Spanish Mediterranean-themed waterpark resort. The first Centara Mirage opened in Pattaya in 2009. The 984-key resort will open in April and will […]
Read MoreThe operation of the National Internet Gateway (NIG) will cost Cambodia approximately $50,000 per month in personnel salaries at its four facilities, according to one expert. The source, speaking under the condition of anonymity, said the figure provided was a rough estimate. It was based on the belief that workers at the four facilities would […]
Read MoreKUALA LUMPUR: The unemployment rate in January rose to 4.9% from 4.8% in December due to the impact of Covid-19 on tourism-related industries and a decline in the agriculture sector, despite gains by the manufacturing and services sectors. The Statistics Department said the unemployment rate in January rose by 9,700 people to 782,500 from the […]
Read MoreMANILA, Philippines — The Department of Human Settlements and Urban Development (DHSUD) is keen on boosting housing projects in the country to help revive the local economy. DHSUD chief Eduardo del Rosario said the agency is bent on carrying out more housing projects nationwide in coordination with key shelter agencies. The country’s central housing authority […]
Read MoreMANILA, Philippines — The country’s group of retailers continued to oppose a proposal seeking to lower the required minimum investment for foreign retailers as this may imperil the viability of local micro, small and medium enterprises (MSME). In a text message, Philippine Retailers Association (PRA) vice chairman Roberto Claudio said there is no need to […]
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