MANILA – Trade among economies in the Asia-Pacific rose to the highest level in three decades, bolstering the region’s economic resilience amid the pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, the Asian Development Bank said in report on Wednesday. The strong intraregional trade, along with the release of pent-up global demand […]
Read MoreMANILA, Philippines — The Philippine economy may grow faster this year, prompting the Bangko Sentral ng Pilipinas (BSP) to hike interest rates, Japanese investment bank Nomura said. It said the country’s gross domestic product (GDP) growth may accelerate to 6.5 percent this year, but below the seven to nine percent target set by the Cabinet-level […]
Read MoreThe Cambodian government on Wednesday extended tax holidays for tourism-related establishments for another six months from January to June 2022 in a bid to boost business activity in the COVID-hit tourism industry. “All kinds of monthly taxes for hotels, guesthouses, restaurants and tour companies, that have been registered with the General Department of Taxation and […]
Read MoreThe Bank of Thailand predicts headline inflation will exceed the target rate in the early part of this year, forced up by rising raw food and energy prices. The central bank’s Monetary Policy Committee (MPC) meeting on Wednesday made the assessment, said MPC secretary Piti Disyatat. According to the central bank’s inflation targeting framework, the […]
Read More(Bloomberg) — Singapore is taking steps to ease growing concerns over an imminent increase in taxes, including explainers on social media and in local newspapers over recent weeks to justify the need for the move. From Facebook posts by the finance minister to articles and opinion pieces in the city-state’s main English-language newspaper, Singapore is […]
Read More(Bloomberg) — Indonesia’s central bank is expected to keep its key interest rate at a record low despite a recent hawkish shift in its messaging, seeking to balance support for the economic recovery with currency stability. Bank Indonesia is expected to keep the seven-day reverse repurchase rate at 3.5% on Thursday, according to all 31 […]
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