MANILA, Philippines — Global banking giant Citi has raised its inflation forecast for the Philippines over the next two years, but expects the Bangko Sentral ng Pilipinas (BSP) to keep rates at an all-time low of two percent until the middle of next year to help the economy recover from the pandemic-induced recession. Citi economist […]
Read MoreVietnam posted an estimated trade surplus of $1.3 billion in January, according to a report recently announced by the Ministry of Industry and Trade (MoIT). Of the figure, the domestic economic sector posted a deficit of 1.8 billion USD while the foreign-invested sector (inclusive of crude oil) ran a surplus of 3.1 billion USD. The statistics showed […]
Read MoreSINGAPORE’S key exports continued their upward trajectory in January, on the back of growth in non-electronics and electronics shipments. Non-oil domestic exports (NODX) added 12.8 per cent year on year, in the second month of increase, according to figures from trade agency Enterprise Singapore (ESG) on Wednesday. The expansion beats the median increase of 5.2 […]
Read MorePETALING JAYA: The economic recovery is expected to bode well for the banking sector with loan growth forecast to pick up pace to 3.8% in 2021 versus 3.4% last year, according to Maybank IB Research. It attributed the growth to stable household loan growth and a pick-up in corporate lending. The research house said loan […]
Read MoreIn Cambodia, the shift to digital consumption has skyrocketed in line with its development and rising number of internet users. That number was estimated at more than 9 million and growing in 2020, a figure over half the nation’s population. Steve Noble, the editor of business information site B2B Cambodia, said the shift away from […]
Read MoreInvestors are riding the reflation investment trend with commodities and consumption-related stocks outperforming again, as the global economy recovers and brings with it another wave of inflation. Conversely, investors are selling off gold and secured assets that once performed well during the uncertainty of the pandemic, but are now dropping in profit return. As there […]
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Thailand
