MANILA, Philippines — The Philippines finally booked a balance of payments (BOP) surplus in March, ending two straight months of deficit, as the government tapped the offshore debt market to fund COVID response measures as well as key infrastructure projects, according to the Bangko Sentral ng Pilipinas (BSP). The country’s BOP position yielded a $754 […]
Read MoreThe government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow. Mr Supattanapong said yesterday the government may help subsidise the diesel price, but at more than half of the price above 30 baht per litre. The […]
Read MoreThe baht opened at 33.81 to the US dollar on Wednesday, the highest in almost four months, weakening from Tuesday’s close of 33.75. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.70 and 33.90 during the day. Poon said the baht might weaken as it was pressured by the strengthening […]
Read MoreThailand will resume the ‘Test & Go’ quarantine waiver for vaccinated arrivals from Feb 1, the Centre for Covid-19 Situation Administration (CCSA) said on Thursday, in response to slowing coronavirus infections. The scheme was suspended a month ago after only seven weeks due to the rapid global spread of the Omicron variant and uncertainty about […]
Read MoreMANILA, Philippines — The impact of the Omicron coronavirus variant on the Philippine economy is expected to be less severe, but growth will still be lower than expectations this year. In an email to The STAR, Oxford Economics assistant economist Makoto Tsuchiya said the forecast growth in gross domestic product (GDP) for the Philippines this […]
Read MoreThe government has banned the import of certain types of agricultural produce, livestock and fish, aimed at spurring the farming of these crops and animals in Laos to boost the economy and generate more revenue for farmers. In terms of crops, the government has named cabbage, garlic, onions, pepper, lettuce and white cabbage as crops […]
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