Global coffee consumers seeking more supplies to fill the void left by the devastating frost in Brazil wont get much relief from Vietnam. Shipments from the country, the biggest robusta coffee grower, are declining because of depleted farmer inventories, a worsening Covid-19 outbreak and a severe container shortage. Exports are likely to continue dropping through […]
Read MoreMANILA, Philippines — The country’s outstanding debt ballooned to a fresh record high of P11.16 trillion as of end-June, the bulk of which consists of domestic obligations. The Bureau of the Treasury (BTr) yesterday reported the total debt stock of the Philippines jumped by P2.11 trillion or more than 23 percent to a new high […]
Read MoreWith nationwide curfews implemented for the first time since the outbreak, fintech experts are expecting digital payments to gain traction in even more provinces Industry experts said that the previous round of lockdowns and curfews isolated to Takhmao and Siem Reap towns, as well as in the capital served as a catalyst for digital adoption […]
Read MoreTotal FDI commitments to Vietnam stood at US$16.7 billion in seven months. Disbursement of foreign direct investment (FDI) to Vietnam rose by 3.8% year-on-year in the January-July period to US$10.5 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. While the actual FDI inflows remain positive, […]
Read MoreThailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival, according to Bloomberg. The Fiscal Policy Office (FPO) downgraded the country’s 2021 economic forecast to 1.3% GDP growth, a […]
Read MoreMANILA, Philippines — Higher fuel and food prices, compounded by a surge in power rates and a weak currency, likely stoked inflation in July, the Bangko Sentral ng Pilipinas said. In a statement on Friday, the BSP said it expects inflation to settle between 3.9-4.7% in July. If the upper-end of the forecast range is realized, it […]
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