MANILA, Philippines — Private sector economists see inflation breaching the two to four percent target range set by the Bangko Sentral ng Pilipinas (BSP) until next year amid supply constraints and elevated global oil prices. Dennis Lapid, officer-in-charge of the Department of Economic Research at the BSP, said the results of the BSP’s survey of […]
Read MoreIn a post-Brexit strategic move that distances it further from European Union countries, the UK will replace the Generalised Scheme of Preferences (GSP) for the developing countries with a new trading instrument early next year. Named the Developing Countries Trading Scheme (DCTS), the new instrument offers additional tariff concessions to products imported from developing countries. […]
Read MorePETALING JAYA: Malaysia’s inflation rate could have reached up to 11.4% if the government had not implemented the subsidies, according to Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said measures to ease the people’s financial burden through the provision of subsidies, aid and incentives enabled Malaysia to record an inflation […]
Read MoreTHAILAND plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister […]
Read MoreJAKARTA: Indonesia, a resource-rich country but also one of the world’s top importers of wheat and sugar, is boosting production of staple crops as the Covid-19 pandemic and war in Ukraine expose risks in its food supply chain.Already the biggest palm oil producer, the South-East Asian nation is trying to increase output of corn and […]
Read MoreVietnam had spent nearly US$6 billion importing 5.65 million tonnes of petroleum of all kinds as of August 15, up 150% in value year on year, according to the General Department of Vietnam Customs. Petroleum businesses imported 651,000 tonnes worth US$736 million in July alone, representing an increase of 5.4% in volume but a fall […]
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