MANILA, Philippines — The Philippines is now open for business, President Ferdinand Marcos Jr. said Wednesday, as he vowed to attend to the needs of investors to encourage them to come to the country. Speaking during the opening of the new terminal building of the Clark International Airport, Marcos said it is time to […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 14.5% year-on-year to 99.28 points in August, and rose by 3.71% from July, thanks to export growth and the reopening of the country. “The car, motorcycle and petroleum industries have kept growing since the recovery of the tourism industry,” said Industry Minister Suriya Jungrungreangkit. Capacity utilisation in August stood […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%. The recovery of Southeast Asia’s second-largest economy has lagged that of other countries as its vital tourism sector has […]
Read MoreJAKARTA : Indonesia’s central bank has continued with its “triple intervention” to guard against excessive falls in the rupiah exchange rate, with a focus on intervening in the domestic nondeliverable forward market, an official said on Wednesday. Edi Susianto, head of Bank Indonesia’s monetary management department, told Reuters the central bank would also continue to […]
Read MoreKUALA LUMPUR, Sept 28 — Penang recorded the highest share of total trade among the states in August from Malaysia’s total trade of RM265.7 billion in the same month, according to the Department of Statistics Malaysia (DoSM). Malaysia’s total exports increased by RM46 billion, or 48.2 per cent, to RM141.3 billion in August compared to […]
Read MoreWHILE central banks may not be at the forefront of structural changes that result in inflation, their role to maintain price stability “cannot be underestimated”, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Speaking at the Symposium on Asian Banking and Finance on Wednesday (Sep 29), Menon said maintaining price stability […]
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