MANILA, Philippines — Japanese investment bank Nomura has raised its 2022 gross domestic product (GDP) growth forecast for the Philippines to 6.8 percent from the previous target of 6.5 percent as COVID cases start to ease. In a report, Euben Paracuelles, chief ASEAN economist at Nomura, said the upward revision reflected the faster-than-expected expansion in […]
Read MoreEntrepreneurs feel they cannot continue to maintain stable prices of goods much longer as soaring energy costs are making waves across the board, dealing a blow to both emerging businesses such as delivery services as well as laggards like tourism. The government is struggling to find funding to help businesses and households because of the […]
Read MoreMANILA, Philippines — The financial technology arm of Aboitiz-led Union Bank of the Philippines expects to sustain its growth momentum, as gross transaction value processed reached P20 billion last year. John Januszczak, president and CEO at UnionBank’s UBX, said the leading open finance platform in the country aims to ride on its remarkable growth last […]
Read MoreVietnam’s GDP growth this year may be over 6.5% if high global inflation can be harnessed, the roadmap of the U.S. Federal Reserve (Fed)’s interest rate raises is on schedule and economies worldwide are fully open. Dr. Vu Dinh Anh, an economist, forecast Vietnam’s economy will soon recover and regain her pre-pandemic growth rate due […]
Read MoreThe government is planning to reopen the Thai-Malaysia border next month to stimulate tourism and the economy in the deep southern provinces. Deputy government spokeswoman Rachada Dhnadirek says Prime Minister Prayut Chan-o-cha has ordered the Centre for Covid-19 Situation Administration (CCSA) and the tourism and sports emergency operation centre to outline pandemic mitigation measures for […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the geopolitical tensions in Eastern Europe have escalated, leading to risk aversion in the financial market, an analyst said. At 9 am, the local currency fell to 4.1890/1925 versus the greenback from Friday’s close of 4.1885/1910. Bank Islam Malaysia Bhd chief economist […]
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