2nd fastest in ASEAN MANILA, Philippines — Moody’s Analytics has upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5.6 percent to 6.2 percent this year as the country continues to recover from the impact of the pandemic. This will make the Philippines the second fastest-growing economy in the Association of Southeast […]
Read MoreThe government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more than two years. The retail selling prices of fuel in […]
Read MoreSINGAPORE’S economy in 2021 grew 7.6 per cent year-on-year, even faster than an advance estimate of 7.2 per cent, according to data from the Ministry of Trade and Industry (MTI) on Thursday (Feb 17) morning. This is a turnaround from the previous year when Singapore saw its worst recession. In 2020, the economy contracted 4.1 per […]
Read MoreThe export volume of made-in-Vietnam products has reached new highs and make up more share in the global market, helping set the foundation for the country to become a more attractive manufacturing hub. The General Department of Vietnam Customs reported that the country’s export value of phones and components reached $57.54 billion in 2021, an […]
Read MoreMANILA, Philippines — Scars caused by the pandemic on the Philippine economy may be permanent as the country may not be able to recoup the losses caused by the global health crisis, according to S&P Global Ratings. Vince Conti, economist for Asia at S&P, said in a webinar that the Philippines fell 20 percent below […]
Read MoreThe baht opened at 32.27 to the US dollar on Thursday, strengthening from Tuesday’s close of 32.37. The Thai currency is likely to move between 32.20 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht may stop strengthening and swing sideways because it has risen far beyond the […]
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