The Philippine economy rebounded more strongly than expected in 2021 after a relaxation of Covid-19 rules fuelled consumer spending and got more people back to work, officials said Thursday as they forecast a return to pre-pandemic growth this year. Gross domestic product expanded 5.6%, the statistics agency said, after a 9.6% slump the previous year […]
Read MoreJAKARTA: Indonesia’s central bank adopted a more hawkish tone, signalling it’s ready to strike early to temper volatility in the rupiah and bond yields as global markets sell off in anticipation of United States rate hikes. “The principle we will conduct with is what we call a preemptive, ahead-of-the curve, front-loading policy,” deputy governor Dody […]
Read MoreErkut Duranoglu, chief representative of Vestel Electronics Vietnam, said he never expected the global pandemic would teach his company a practical lesson in risk management. But teach it did. His company had been considering an alternative supply chain in Asia to utilise cost-reduction opportunities arising from the constantly developing supply chain amid the pandemic. Turkey-based Vestel Electronics, […]
Read MoreRHB has maintained its “underweight” call on Malaysia’s plantation sector with Indian palm oil demand likely to moderate as crude palm oil (CPO) prices remain high and India ramps up its own oilseed production, dampening import demand. In a report on Wednesday (Jan 26), the brokerage said that the Malaysian Palm Oil Council (MPOC) expects […]
Read MoreKUALA LUMPUR: AirAsia has resumed flights to Phnom Penh, Cambodia, offering flights from RM194 one-way for travel between now and March 23, and other exciting deals to celebrate the resumption. In a statement today, it said the inaugural service on an Airbus A320 aircraft departed Kuala Lumpur International Airport 2 (klia2) at 12.40 pm yesterday […]
Read MoreMANILA, Philippines — President Duterte’s economic team is now looking at the possibility of making the tariff reduction and higher volume of pork imports a permanent policy to further address inflation concerns in the country. According to the private sector representative in the policy-making body of the Bangko Sentral ng Pilipinas (BSP), the economic team […]
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Thailand
