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Philippines: Slower June inflation opens room for rate cuts

MANILA, Philippines — The slower than expected inflation in June should give the Bangko Sentral ng Pilipinas (BSP) some room to adjust rates to support economic recovery. In its weekly outlook, London-based Capital Economics insisted that the BSP would resume its easing cycle by September. The market consensus expects the central bank to keep rates […]

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Thailand: NESDC set to table new relief measures

The National Economic and Social Development Council (NESDC) plans to table before the cabinet on Tuesday remedy measures for those affected by the strict lockdown measures that took effect on Monday, says a cabinet source who requested anonymity. The remedy is to be funded by the 500-billion-baht emergency loan, which is expected to be adequate […]

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Vietnam: Businesses adapt to the pandemic, offer workers temporary housing

Many businesses and manufacturers are finding ways to adapt to the COVID-19 pandemic, maintaining operations and keeping workers safe. In the first six months of the year, about 70,200 businesses were closed due to the pandemic, a year-on-year increase of 24.9 per cent, according to the General Statistics Office. Businesses in industrial parks and export processing zones in HCM City have […]

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Indonesia c.bank slashes 2021 GDP outlook to 3.8%

JAKARTA: Indonesia’s central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia’s largest economy has been battling the region’s worst COVID-19 epidemic, with cases and deaths climbing at an […]

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