MANILA, Philippines — Economists believe the Bangko Sentral ng Pilipinas (BSP) could deliver aggressive rate hikes amid quickening inflation, as well as the continued interest rate liftoff by the US Federal Reserve. Jun Neri, lead economist at Ayala-led Bank of the Philippine Islands (BPI), said a repeat of a 50 basis points hike by the […]
Read MoreVietnam’s e-commerce startup Tiki is expected to be Shinhan Financial’s first strategic partner in the Southeast Asian country. South Korea’s Shinhan Financial Group will acquire a 10% stake in the Vietnamese e-commerce company Tiki through its two subsidiaries to become the latter’s third-largest shareholder. Under the agreement, Shinhan Bank and Shinhan Card, the group’s two […]
Read MoreThai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the main contributors to inflation in May will […]
Read MoreThe Government of Laos has called on society to try to save petrol as much as possible amid a growing fuel crisis in the country. Petrol prices have seen 11 adjustments this year, with the government making every attempt to reduce taxes and other tariffs to lessen the impact on consumers. Disruptions to supplies of […]
Read MoreMANILA, Philippines — The Confederation of Truckers Association of the Philippines (CTAP) is seeking government’s help through fuel subsidies on the back of rising fuel prices. CTAP president Maria Zapata hopes the government will eventually recognize the need to grant subsidies to the trucking industry, similar to the policies in other ASEAN countries, as they are […]
Read MoreThe baht opened at 34.29 to the US dollar on Friday, dropping from Thursday’s close of 34.05. The currency is expected to move in a range between 34.20 and 34.40 on Thursday, according to Krungthai Bank market strategist Poon Panichpibool. Volatility in the currency market is still supporting the dollar and pressuring the baht, Poon […]
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