MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has urged Malacañang to pursue several initiatives, including expanding social interventions and trimming import duties, to tame inflation in the short term. BSP Governor Benjamin Diokno said the central bank finds no reason yet to hike interest rates to hold off inflationary pressures caused by rising […]
Read MoreThe Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity. The ministry is worried the Russia-Ukraine war will affect its target for foreign tourist arrivals this year, the source said. In January […]
Read MorePETALING JAYA: Malaysia’s consumer price index (CPI) increased 2.2% to 125.2 in February 2022 from 122.5 in the same month of the preceding year, according to the Statistics Department. The increase surpassed the country’s average inflation of 1.9% for the past 10 years. “The incline in headline inflation was mainly driven by the year-on-year increase […]
Read MoreVietnam’s ride-hailing industry revenues could reach 4 billion USD by 2025, while the industry has witnessed high demand and newcomers. The issues were discussed at a recent seminar, “Competitive solution for the ride-hailing market in the new normal period,“ organised by the Vietnam Competition and Consumer Authority and the project for policy improvement and capacity […]
Read MoreDe-dollarisation is not a bad thing as it is a re-balancing of the fiscal and monetary policy tools. It is certainly not a complete displacement and substitution of the US dollar in favour of the Khmer Riel in trade and investment, which some observers and analysts seem to mischievously suggest… In fact, promoting greater use […]
Read MoreMANILA, Philippines — The Philippines may import more corn to supplement some feed wheat demand, as prices of wheat have increased amid the Ukraine-Russia conflict, the United States Department of Agriculture (USDA) said. In a report by its Foreign Agricultural Service, the USDA said it sees the Philippines importing 750,000 metric tons (MT) of corn […]
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