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Philippines: July inflation likely stayed over 6% –DBS

MANILA, Philippines — DBS Bank Ltd. of Singapore said inflation last month likely stayed above six percent as price pressures were stoked by the combination of increases in public utility jeepney minimum fare, food and core prices as well as currency weakness. In its latest Macro Insights Weekly report titled “As Growth Slows, Will Inflation […]

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Cambodia: Customs tax income up 12 percent in H1

The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. The report was released in a meeting to review work achievements in the first semester and set new objectives for the second semester, held on […]

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Fitch Downgrades Laos’ Long-Term Foreign-Currency IDR to ‘CCC-‘

Fitch announced the downgrade on its website yesterday, saying that Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) had moved downward from ‘CCC’ to ‘CCC-.’ According to Fitch, the downgrade of Laos’ Long-Term Foreign-Currency IDR reflects a further rise in external liquidity risks, driven most recently by the spike in commodity prices and tightening global financing conditions. Laos’ […]

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KBank unveils Vietnamese expansion plan

Kasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. Aiming to invest more than 2.7 billion baht to fortify its service network within AEC+3 (Asean plus Japan, China, and South Korea), KBank has announced its commitment to broaden its presence in the Vietnamese market in […]

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