MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is keeping a wait and see stance on interest rates as it still has room to maneuver despite the hawkish policy of global central banks led by the US Federal Reserve. BSP Governor Benjamin Diokno said in an interview with Bloomberg Television that monetary authorities are […]
Read MoreBusiness leaders are increasingly worried about the escalating Russia-Ukraine conflict, with rising oil prices threatening to drive up living costs. The crisis has sent Brent crude futures to US$97.66 a barrel, the highest level since September 2014, and global stocks have plunged. Analysts at PTT Plc cited Suhail Al Mazrouei, the United Arab Emirates’ minister of […]
Read MoreDomestic petrol prices have hit an eight-year record high following the latest price adjustments made on February 21, dealing a heavy blow to ongoing recovery efforts of firms that have borne the brunt of the prolonged COVID-19 pandemic. According to the latest adjustment, petrol prices rose approximately VND1,000 to VND26,285 per litre for RON95, a […]
Read MoreTourism operators have thrashed the government announcement increasing the Covid-19 alert to Level 4, insisting state policy should enable people to live with the virus instead of limiting travel activities. Most business operators are ready to comply with the new rules, but will not agree if the government imposes strict lockdown measures again. Chamnan Srisawat, […]
Read MoreMANILA, Philippines — The Duterte administration plans to clear its debt with the Bangko Sentral ng Pilipinas (BSP) before the end of its term, the country’s finance chief said. Finance Secretary Carlos Dominguez III yesterday said they have taken the initial step in the consolidation plan it will pass on to the next administration by […]
Read MoreA leader of Japan’s power producer EREX said the corporation is seeking to invest in biomass power in Vietnam, which holds great potential for biomass power development. Attending a recent meeting with the Vietnamese Minister of Industry and Trade Nguyen Hong Dien, Honda Hitoshi, chairman and general director of EREX, said Vietnam is the first […]
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Thailand
