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Philippines: BSP may keep rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to keep interest rates at record low on Thursday as the near-term prospects remain worrisome for the country amid the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, the research arm of the Moody’s Group said the Monetary Board may keep […]

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Fitch affirms Thailand’s long-term rating at BBB+

Fitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The country’s ratings are supported by robust external and public finances, which continue to provide buffers against downside risks amid a prolonged economic recovery from the coronavirus pandemic, Fitch said in a statement. “These strengths are balanced against […]

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Thailand: FTI warns export volume may flatline

Thailand may not see bright export prospects in the third and fourth quarters this year if high ocean freight rates and container shortages remain, says the Federation of Thai Industries (FTI). Its warning came after the Thai National Shippers’ Council said earlier this month that the country’s exports could rise by 10%-15% in 2021, driven […]

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Vietnam: Coworking facilities toil through restrictions

With the pandemic complicating movement and forcing many employees to work from home more often, coworking space operators in Vietnam are using the time to improve their interiors and services, while trying to continue expansion. The pandemic impacted the real estate market in a significant way and coworking spaces are seeing the after-effects of the […]

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