MANILA, Philippines — Possible normalization in monetary policy, such as an increase in interest rates, my start by the second half as the output gap caused by the pandemic is expected to close in the second semester, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said that the manageable inflation, […]
Read MoreThe government has projected that the Kingdom’s economy will grow by about 5.6 per cent this year despite the threat posed by the Omicron variant. The footwear industry has been growing rapidly in the last few years, employing more than 130,000 workers and attracting a lot of new investment in 2021. Cambodian Footwear Association president Ly […]
Read MoreMANILA, Philippines — The Philippine Ports Authority (PPA) sees continued cargo traffic growth this year after volume returned to pre-pandemic levels in 2021, raising its growth forecast amid optimism in the country’s economic recovery. PPA general manager Jay Santiago told The STAR that a recovery in the maritime trade and shipping is expected to be sustained […]
Read MoreStartup Selly, Vietnam’s social commerce model, has raised $2.6 million in a Pre-Series A funding round from investment funds CyberAgent Capital, Do Ventures, Genesia Ventures, JAFCO Asia and KVision. CyberAgent Capital (CyberAgent Inc – Japan) is currently investing in more than 350 companies globally. Fifty companied invested in by CyberAgent have been listed on the […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today as the market awaits the latest development on Russia-Ukraine geopolitical tensions and ahead of a handful of speeches from US Federal Reserve policymakers, as well as data releases. At 9.06 am, the local currency fell to 4.1860/1895 versus the greenback from Friday’s close of […]
Read MoreDespite a forecast of 25% growth in residential transfers this year, reaching the level attained in 2019 might take until 2024 because of the rising rate of inflation, according to the Real Estate Information Center (REIC). Vichai Viratkapan, the acting director-general of REIC, said higher inflation would cause a delay in the economic recovery and […]
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Thailand
