MANILA, Philippines — The global bottlenecks for shipping resulting in higher freight rates are expected to remain elevated until the third quarter of the year, weighing down on trading economies including the Philippines. In its weekly economic preview, market intelligence firm IHS Markit said the continued strong recovery in the global economy is followed by […]
Read MoreAn Asia-wide trade agreement likely to come into force by next year may cut Cambodia’s exports and lead to a surge in imports, according to some economists. Others are more upbeat about the trading outlook for the Kingdom. The Regional Comprehensive Economic Partnership (RCEP) will be the world’s largest free-trade bloc. After eight years of […]
Read MoreThailand’s manufacturing production index (MPI) in May rose for a third straight month, climbing 25.84% from a year earlier, lifted by higher production of automobiles, air conditioners and electronics, the Industry Ministry said on Monday. The reading, still coming off a low base last year, compared with a forecast for a rise of 19.55% in […]
Read MoreCambodia’s tourism industry is anticipating the return of travellers by the end of this year with a focus on traditional regional markets, particularly those from China, Korea, Japan, Thailand and Singapore, according to Alain Brun, the chief executive officer of Cambodia Airports. Government meetings with the tourism industry indicate stakeholders are eying an earnest re-opening […]
Read MoreKUALA LUMPUR: Loan moratorium for all micro, small and medium enterprises (MSMEs), B40 as well as M40 households, while targeted for other individuals for at least three months or 50 per cent loan payment reduction for six months is needed to ensure social and business safety nets. According to EMIR Research, the overwhelming uptake and […]
Read MoreMANILA, Philippines — Economists are now convinced the Bangko Sentral ng Pilipinas (BSP) is likely to keep interest rates at record lows for a prolonged period as part of efforts to help the economy fully recover from the pandemic-induced recession. HSBC economist Noelan Arbis said the sharp hit to growth expectations this year and next […]
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