The Philippine economy will likely be back to its pre-pandemic level next year but further lockdowns could delay the recovery to 2023, an economist from Rizal Commercial Banking Corporation (RCBC) said. “We’re estimating a return to pre-Covid levels for the economy by the latter part of next year,” Ricafort said in a briefing on Monday. Ricafort said […]
Read MoreThe government’s planning unit has downgraded its economic growth forecast for a third time to a range of 0.7-1.2% this year from 1.5-2.5% made in May, 2.5-3.5% made on Feb 15 and 3.5-4.5% growth made in November last year, as Covid-19 cases surge. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), […]
Read MoreThe government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). The technical team will compile and analyse data on national land management policy, land use and planning in the Kingdom and specific policy […]
Read MoreThe foreign debt repayment is an important part of efforts to maintain the government’s credibility in managing foreign debt. Jakarta (ANTARA) – Indonesia’s foreign debt fell 0.1 percent to US$415.1 billion in the second quarter of 2021 from US$415.3 billion the previous quarter, Bank Indonesia (BI) reported on Monday. The growth of foreign debt also […]
Read MoreThai car exporters’ prospects have become brighter after the Philippines scrapped plans to impose tariffs on cars imported from Thailand, and returned 1.2 billion baht worth of safeguard duty to importers. According to Thai Commerce Minister Jurin Laksanawisit, the Philippines agreed on Aug 6 to scrap the tariff plans and return the import duties, after […]
Read MoreSteel has hit a new high after a series of rapid price increases from May through June 2021 when they increased by more than 50 per cent compared to the beginning of the year. According to the Ministry of Industry and Trade (MoIT), as governments around the world issued economic stimulus packages of tens of trillions of […]
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