MANILA, Philippines — The Bangko Sentral ng Pilipinas is preparing another supersized rate hike in its next meeting to match the US Federal Reserve’s latest tightening action. BSP Governor Felipe Medalla said in a statement Thursday that the central bank would hike rates by 75 basis points after the Monetary Board meets on November 17. This would match […]
Read MoreThailand’s digital GDP reached 2 trillion baht in 2021 after posting year-on-year growth of 14.1%, according to a study by the Office of the National Digital Economy and Society Commission (ONDE). The increase was attributed to Covid-19 infections easing and a partial economic recovery, supported by the return of the production of digital products and services, […]
Read MoreThe Cambodian government is pushing for the establishment of more bilateral free trade agreements with main trade partners in a bid to access wider markets for the country’s products. Penn Sovicheat, under-secretary of state at the Ministry of Commerce, said that the more bilateral FTAs, the wider markets Cambodia can export products to. “When we […]
Read MoreSHARES of Betagro declined in their debut in Bangkok on Wednesday (Nov 2), following Thailand’s second-largest initial public offering (IPO) this year. Its shares fell as much as 6.9 per cent from the IPO price. They were priced at 40 baht apiece after the meat producer and its major shareholders sold 500 million shares. The IPO […]
Read MoreSome 68.7% of 51.9 million people of working age are employed, not counting those in the informal sector, while the unemployment rate stays low at 2.3%, according to the Ministry of Labor, War Invalids and Social Affairs. Dao Ngoc Dung, Minister of Labor, War Invalids, and Social Affairs, said that Vietnam’s economy had rebounded faster […]
Read MoreMANILA, Philippines — Local factory output eked out moderate expansion in October despite growing demand as inflationary pressures continued to burden firms. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, softened to 52.6 in October from 52.9 in September, S&P Global […]
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