MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ruled out additional huge interest rate hikes after raising key policy rates by a total of 300 basis points. In an interview with reporters on the sidelines of a forum on digital economy, BSP Governor Felipe Medalla said the US Federal Reserve is set to […]
Read MoreThe nation has a bright economic future, although risks are multiplying, said Ramla Khalidi, resident representative in Vietnam for the UN Development Programme (UNDP), at the Vietnam Economic Pulse 2022 on November 22 in Hanoi. “Evidence of a strong recovery is welcome news after two years of economic disruption caused by the COVID-19 pandemic. Vietnamese […]
Read MoreSINGAPORE’S economy is forecast to grow at between 0.5 per cent and 2.5 per cent in 2023, while the official full-year growth forecast for 2022 has been narrowed to “around 3.5 per cent”, according to a Ministry of Trade and Industry (MTI) release on Wednesday (Nov 23). This follows the Monetary Authority of Singapore’s (MAS) […]
Read MoreLaos faces increased challenges from currency depreciation and high inflation despite signs of economic recovery in early 2022, according to the World Bank’s latest economic update for the country. The “Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities”, released on Monday, identifies ambitious reforms that can help the country restore economic stability and sustain […]
Read MoreThe Ministry of Finance has proposed applying four rates of environmental protection tax on fuels in 2023 depending on global prices. When the global oil price is below US$70 a barrel, the tax rates would reach the ceiling level of the tax bracket, which is VND4,000 per liter on gasoline, VND3,000 per liter on jet […]
Read MoreThe National Bank of Cambodia (NBC) has been making serious efforts over the past several years to bring down the level of dollarization in the economy by promoting the use of local currency riel (KHR). According to the Financial Stability Review 2021 of the central bank, the level of dollarization in the country still ruled […]
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Thailand
