The Thai economy is expected to continue to rebound in the second quarter amid inflationary pressure, but the growth rate for the full year will be lower than previously forecast because of the Russia-Ukraine war, says a CIMB Thai Bank (CIMBT) economist. The bank forecasts Thailand’s GDP growth rate in the second quarter this year […]
Read MoreMANILA (XINHUA) – The unemployment rate remained at 6.4 per cent in February despite easing of pandemic restrictions, the Philippine Statistics Authority (PSA) said yesterday. In a virtual press conference, PSA head Dennis Mapa said the labour force participation rate increased from 60.5 per cent in January to 63.8 per cent in February. Socioeconomic Planning […]
Read MoreBanks are debating a plan to bring Zelle to the checkout at big retailers. The money-transfer service boomed during the pandemic, when people avoided ATMs and replaced cash and checks with digital money transfers. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, both more than double their prepandemic levels. That growth has […]
Read MoreSpending sentiment during the upcoming Songkran festival is expected to remain tepid, mainly because of a sharp rise in oil prices ignited by the Russia-Ukraine war and relatively high Covid-19 infections in the country. According to the latest survey conducted by the University of the Thai Chamber of Commerce (UTCC), spending during the upcoming Songkran […]
Read MoreAn agreement for an additional financing under the Cambodia Agricultural Sector Diversification Project (CASDP) has been signed between the project team and the Stung Trang Senchey Agricultural Community. The signing ceremony took place in Kampong Cham province under the presidency of Veng Sakhon, Minister of Agriculture, Forestry and Fisheries and Ms. Maryam Salim, Country Manager […]
Read MoreMANILA, Philippines — The country’s manufacturing output rebounded at a faster pace in February after the economy reopened from the Omicron surge at the beginning of the year. Factory output, as measured by the Volume of Production Index (VoPI), went up by 84.3 percent in February, quicker than the 17.1 percent uptick in January, and […]
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