MANILA, Philippines — DBS Bank Ltd. of Singapore raised its 2022 inflation forecast for the Philippines to 5.5 percent from the original target of five percent. In a report, DBS economist Chua Han Teng said the Philippine inflation is still in an uncomfortable zone despite the slight dip to 6.3 percent in August from 6.4 […]
Read MoreRetail sentiment remains tepid as operators fret over rising inflation, an interest rate hike and an increase in the daily minimum wage bound to raise their production costs. Based on the latest market survey conducted during Aug 17-26 by the Thai Retailers Association and the Bank of Thailand, the Retail Sentiment Index stayed unchanged from July […]
Read MoreLOS ANGELES, United States — The United States and a group of Asian allies on Friday agreed on a set of negotiating targets, notably on trade and supply chains, as Washington looks to offer an alternative to the economic might of China in the region. At the first ministerial for the Indo-Pacific Economic Prosperity Framework […]
Read MoreMoody’s Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam’s sovereign rating to Ba2 from Ba3. Moody’s has upgraded the long-term local (LC) and foreign currency (FC) deposit and issuer ratings of eight banks by one notch (Vietcombank, BIDV, OCB, SeABank, TPBank, Agribank, VIB, VietinBank) and the LC and FC […]
Read MoreThe Cambodian Women Entrepreneurs Association (CWEA) said that e-Commerce in Cambodia is set to grow rapidly with the ease of doing business in the Kingdom. Entrepreneurs explained that the e-commerce sector has boomed in the country in recent years thanks to the rapid development of technologies, the fast growth of Internet users, and the COVID-19 […]
Read MoreMALAYSIA’S trade chief recommended giving the South-east Asian economy more time to recover from the shock of the Covid-19 pandemic before holding a general election in order to prioritise helping its citizens. An early election has yet to be brought up in Prime Minister Ismail Sabri Yaakob’s cabinet, but aides had discussions and want to […]
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Thailand
