MANILA, Philippines — Inflation for August likely settled within the range of 5.9 to 6.7 percent after accelerating to 6.4 percent in July from 6.1 percent in June, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said inflation last month was driven by the continued increase in key food prices. However, upside […]
Read MoreKUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) slipped to 50.3 in August from 50.6 in July, indicating a softer improvement in the health of the sector. The latest reading is representative of a gradual slowdown in the growth of manufacturing production and gross domestic product (GDP) towards the end […]
Read MoreThe government will continue to use tax measures to subsidise high energy prices throughout this year, with the aim of easing the high cost of living, Finance Minister Arkhom Termpittayapaisith said on Wednesday. Mr Arkhom was opening Bangkok Post Forum 2022 “Thailand Ready: Moving onto the Next Chapter” on Wednesday. Speakers discussed the political, economic and social […]
Read MoreThe Ministry of Industry and Trade has decided to allocate tariff quotas for 113,000 tons of imported sugar via auction. Tariff quotas for raw sugar imports stood at 79,000 tons and refined sugar at 34,000 tons. The council for the allocation of sugar import tariff quotas will hold auctions in September, the ministry said. Once the […]
Read MoreThe state-owned Sihanoukville Autonomous Port (PAS) has gained rise of its profit by 218.86 percent or 7$.57 million to about $11 million in the second quarter of this year compared to $3.43 million in the same period of last year, according to a senior official of the port. The official said in the second quarterly […]
Read MoreMANILA, Philippines — Big banks sustained a double-digit credit growth amid the aggressive rate hikes by the Bangko Sentral ng Pilipinas (BSP) to anchor inflation expectations and avoid a breach in the two to four percent target range next year. Preliminary data released by the BSP showed that the increase in loans extended by universal […]
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