Page 7 – ASEAN Economic Community Strategy Center

Philippines: Remittances grow for second straight month in March

MANILA, Philippines — Money sent home by Filipinos abroad posted another month of growth in March, but mainly due to benefits of a low base that hardly tell a convincing recovery. What’s new Cash remittances coursed through banks rose 4.9% year-on-year in March to $2.5 billion, the Bangko Sentral ng Pilipinas (BSP) reported Monday. That increased the […]

Thailand cuts GDP outlook

BANGKOK: Thailand lowered its 2021 economic growth forecast to 1.5 per cent to 2.5 per cent as it is facing an uphill battle against third wave of COVID-19. The tourism-reliant kingdom had previously forecast growth of between 2.5 and 3.5 per cent in February after it shrank 6.1 per cent last year, the deepest slump […]

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Philippines: Remittances grow for second straight month in March

Thailand cuts GDP outlook