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Philippines – BSP: Economy can withstand rate hikes

MANILA, Philippines — The Philippine economy is strong enough to absorb rate hikes aimed at curbing rising inflationary pressures and stabilizing the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla told participants of a roundtable discussion between key economic officials and US-based business and financial communities in Washington that a 25-basis-point […]

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Vietnam: Inflation bites

Dropping global consumption is a challenge for various industries in Vietnam and local businesses might lay off staff or scale down operations. Given runaway inflation and the U.S. dollar rise against the Vietnamese dong, the plunge in export orders for local manufacturers is expected to last until the first quarter of 2023. Layoffs and factory […]

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