MANILA, Philippines — New York-based think tank Global Source Partners Inc. expects inflation to accelerate and breach the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) due to soaring global oil and food prices, as well as the weakening peso. Former finance undersecretary Romeo Bernardo, country analyst at GlobalSource, said in a […]
Read MoreCambodia and Australia have reaffirmed their commitment to further boosting trade, investment and cooperation, especially on post-Covid recovery initiatives in all areas, according to the Ministry of Commerce on March 11. The commerce ministry noted in a statement that the pledge was made during a meeting held at the ministry on March 10 between Minister […]
Read MoreLao Petroleum and Chemical Co Ltd (Laopec), located in the Saysettha Development Zone in Lao capital Vientiane, has invested more than $200 million in a petroleum refinery. Laopec launched the first phase of production of its three million tonnes a year refinery in December 2020, which has created job opportunities for local people and generated […]
Read MorePETALING JAYA: MIDF Research expects industrial output to grow at 4.3% this year on the back of sustained expansion in external demand and growing domestic spending. “We assume the diminishing low base effect will bring the pace of Industrial Production Index growth to a more normal level. “Looking at the increase in the manufacturing Purchasing […]
Read MoreSINGAPORE’S non-resident employment rose for the first time in 2 years in the last quarter of 2021 as border measures gradually eased, though it was still down by 30,000 for the full year, the Ministry of Manpower (MOM) revealed in its latest Labour Market Report on Monday (Mar 14). Total employment also saw an increase […]
Read MoreThe baht opened at 33.30 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 33.20 and 33.40 during the day and between 33.00 and 33.50 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the baht is likely to fluctuate in a wide […]
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