Outflow of speculative funds down to 67% in Q1 MANILA, Philippines — The net outflow of speculative funds invested in the Philippines slowed by 67.4 percent to $483.45 million in the first quarter amid the improving global economic outlook and the rollout of COVID-19 vaccines, the Bangko Sentral ng Pilipinas (BSP) said. Data released by […]
Read MoreThe Finance Ministry’s Fiscal Policy Office (FPO) on Thursday slashed its economic growth forecast for the second time to 2.3% this year from its earlier prediction in January of 2.8% and 4.5% in Oct 2020, attributing largely to the battered tourism sector due to the Covid-19 pandemic. Kulaya Tantitemit, director-general of the FPO, said the […]
Read MoreThe National Bank of Cambodia (NBC) and the Ministry of Posts and Telecommunication signed a memorandum of understanding (MoU) aimed at fostering the country’s ambitious plan of transforming itself into a digital economy over the next few years. The MoU was signed virtually on April 29 between NBC director-general Chea Serey and ministry secretary of […]
Read MoreSINGAPORE – The labour market has continued its recovery from the impact of the Covid-19 pandemic in the first three months of the year, latest manpower estimates showed on Wednesday (April 28). Total employment grew for the first time since the start of the pandemic in the first quarter of the year, led mostly by the services […]
Read MoreThe Tokyo Deli Restaurant on Nguy Nhu Kon Tum Street in Hanoi closed its doors two months ago for the Tet holiday, but it has now decided to never open again. The long Covid-19 pandemic has hit many restaurants hard. Tokyo Deli announced the closure of two of its five restaurants in Hanoi, including one […]
Read MoreMANILA, Philippines — Consumer price growth likely stayed beyond government expectations in April driven by more expensive meat products, particularly pork, and higher power costs. Inflation likely settled between 4.2%-5.0% this month, economists at the Bangko Sentral ng Pilipinas said on Friday. If the upper-end of the forecast range is realized, that would exceed the […]
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Thailand
