MANILA, Philippines — Japan’s Nomura has slashed its 2022 gross domestic product growth forecast for the Philippines to 6.3 percent from the original target of 6.6 percent amid the expected further GDP slowdown in the second half. Nomura’s latest growth forecast is now lower than the revised 6.5 to 7.5 percent target penned by the […]
Read MoreThe recent shutdown of multiple Bach Hoa Xanh (BHX) stores has been the talk of the town for the past few weeks. What prompted the leadership of this grocery store chain to come to such a decision despite the considerable growth in total revenue? For a successful retailer like The Gioi Di Dong JSC, BXH’s […]
Read MoreCambodia exported $13.78 billion worth of goods in the January-July period of this year, up by 30.7 percent compared to the same period last year, the General Department of Customs and Excise (GDCE) report said on Wednesday. The total value of the Kingdom’s international trade rose by 21.3 percent to $32.82 billion, the report said, […]
Read MoreThailand’s smartphone market is expected to experience flat growth or even decline this year due to the economic slump and a weaker baht, but flagship 5G smartphones, loans and trade-in programmes could help prop up the segment, according to IT product distributors. “A sluggish economy, rising inflation and a weaker baht are taking a toll on demand […]
Read MoreNational debt, or foreign debt, when reaching an excessive level, often leads to an economic crisis. Given debt crises in multiple countries, especially poor ones, it is worthwhile to look into Vietnam’s debt which comes with four types: foreign debt, public debt, debt owed by non-financial companies, and debt by households. Public debt excludes debt […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) declined by nearly 30 percent in the first half of the year to P22.49 billion, the agency reported Friday. PEZA officer-in-charge (OIC) Tereso Panga said the investments came from 90 new and expansion projects. Panga, the agency’s deputy director general for policy and […]
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