MANILA, Philippines — The country’s gross domestic product (GDP) growth likely slowed in the third quarter after easing to 7.4 percent in the second quarter from 8.2 percent in the first quarter, as inflation continues to bite, according to economists. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said the GDP expansion […]
Read MoreMALAYSIA’S economic growth will provide the central bank with more room to tighten monetary policy as the Federal Reserve increases interest rates, caretaker Finance Minister Zafrul Aziz said. Gross domestic product (GDP) data to be released this week will show the economy was stronger than expected in the third quarter, he said in an interview on […]
Read MoreThe government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest here, a policy that has been widely derided as “selling off” the country. The measure allows foreigners who obtain a long-term resident visa to buy up to one rai of land to build a house […]
Read MoreMerger and acquisition (M&A) activities carried out by Vietnamese enterprises were estimated to reach over US$1.3 billion during the January-October period. According to KPMG Viet Nam, M&A deals in Viet Nam reached US$5.7 billion over the last 10 months of the year, a year-on-year decrease of 35.3 percent. During the reviewed period, Singapore was the […]
Read MoreThe Ministry of Posts and Telecommunications (MPTC) has finalised two laws and two policies in addition to key existing applicable policies. The Ministry has also forwarded these documents to relevant ministries and institutions for their inputs for the development of the digital and posts sectors in the country, according to a press release by MPTC […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to hike key policy rates by 175 basis points more, bringing the benchmark interest rate to six percent by the first quarter of next year, according to DBS Bank of Singapore. Chua Han Teng, economist at DBS, said the bottom line is that the […]
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