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Philippines: Surprise rate cut unlikely

As Omicron dims outlook MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to remain accommodative the entire year as the Omicron variant will further stall economic recovery in the Philippines. In its weekly brief, London-based Capital Economics maintained that the central bank would not deliver any surprise rate adjustment, with monetary policy […]

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Cambodia to be ASEAN logistics hub for Japan’s Aeon

Cambodia’s burgeoning economy and well-tested legislation surrounded by foreign ownership rights have encouraged leading Japanese retailer Aeon to start international logistics services in Cambodia by 2023. The Aeon Mall is mulling to build 30,000 sq meter logistics center in Sihanoukville in 2023. The gigantic center will offer import storage, customs clearance and support for cross-border […]

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Thailand: Hyperventilating about inflation?

Suphachai Chearavanont, chief executive of Charoen Pokphand Group (CP), the agribusiness giant, recently mentioned dire economic prospects, including the ominous word hyperinflation. Hyperinflation worries stem from a combination of factors including US-China tensions, the global food and energy crises, a potential cryptocurrency bubble and massive ongoing capital injections into the world economy to keep it afloat […]

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