MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) vowed to tame inflation after breaching the two to four percent target last year amid rising global oil prices and elevated food prices. In an open letter to President Duterte, BSP Governor Benjamin Diokno said that inflation may return to the government’s target range of two […]
Read MoreThe baht opened at 33.00 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.05. The Thai currency is likely to move between 32.90 and 33.10 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is volatile and likely to swing sideways. However, it might weaken before […]
Read More[MANILA] The Philippine economy grew 6.9 per cent in the third quarter of 2021 from a year earlier, lower than the previously-reported growth estimate of 7.1 per cent, the statistics agency said on Wednesday. The government will release fourth-quarter gross domestic product data at around 0200 GMT on Thursday, with the economy projected to have […]
Read MoreCash has been flowing to bank shares amid the VN Index decline and the sale of shares in other business fields. The stock market witnessed a sharp fall in the first trading session of the week with the VN Index losing 33 points. Analysts say the decreases would have been even sharper if bank share […]
Read MoreThailand plans to ban digital asset operators from facilitating use of crypto as a means of payment for goods and services, its central bank and market regulator said on Tuesday, in a bid to limit risks. Digital asset business operators have expanded their businesses to cover services related to the use of digital assets as […]
Read MoreVietnam is a rising star of Southeast Asia start-up scene and will become the third-largest ecosystem in the region in 2022, according to venture fund Nextrans Vietnam. A report by Nextrans said that there were about 3,800 start-ups in Vietnam, of which four were unicorns and 11 were valued at over $100 million. Last year, […]
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