MANILA, Philippines — The amount of US dollars sent home by overseas Filipino workers (OFWs) to their families in the Philippines grew at a faster rate of more than four percent in August, according to the Bangko Sentral ng Pilipinas (BSP). It said personal remittances – the sum of net compensation of employees, personal transfers, […]
Read MoreThe economy is on course for continuous recovery driven by increasing tourism activities and active private consumption, with the growth rate expected to return to pre-Covid level by the end of this year or beginning of 2023, according to Anucha Burapachaisri, the government spokesman. He cited forecasts by the International Monetary Fund (IMF) and the Bank […]
Read MoreThe Asian Development Bank (ADB) believes the Lao economy will see a gradual recovery next year, supported by new investment and higher renewable energy and mining output. “A consortium of lenders is preparing finance for the 600-megawatt Monsoon Wind project which, once completed, will export all the power it generates and be Southeast Asia’s biggest […]
Read MoreANN/THE JAKARTA POST – The hike in the prices of subsidised fuels early last month has done little to hamper car sales, experts and industrialists said, as eased COVID-19 restrictions have paved the way for growth. According to a report from the Association of Indonesian Automotive Manufacturers (Gaikindo), domestic car sales were up 19 per […]
Read MoreVietnam will have to solve a difficult problem: How to raise the minimum tax rate to 15% but still keep the FDI inflows into Vietnam. Having invested more than 18 billion USD in Vietnam, Mr. Kim Yong Seok, Director of External Relations of Samsung, said: “Although Vietnam is a developing country with a lot of […]
Read MoreRising prices of goods and services are expected to stabilise as inflationary pressure has been easing since the peak of headline inflation in the third quarter, according to executives of the Bank of Thailand. The higher rate of inflation has mainly come from supply shocks which will ease in line with the slowdown in global commodities […]
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