MANILA, Philippines — The Bangko Sentral ng Pilipinas on Tuesday said there are chances that brutally-high inflation sizzled beyond 9% in February, which could give it more reason to tighten monetary policy. In a statement on Tuesday, the BSP said inflation likely quickened between 8.5 to 9.3% in February. If the upper range is realized, consumer price growth would be faster […]
Read MoreThe mobile broadband internet subscribers in Cambodia surpassed the country’s 16 million population mark, as the government highlights the development of the digital economy. The mobile phone subscribers in Cambodia rose to 19.5 million as of November last year, decreased from 21.7 million in 2019, the pre-pandemic times, which shed away foreign tourists from the […]
Read MoreThe manufacturing production index (MPI) for January dropped by a slightly less-than-expected 4.35% from a year earlier as a global slowdown hurt exports, the Industry Ministry said on Tuesday. The figure compared with a forecast fall of 5% in factory output for January in a Reuters poll, and came after December’s revised 8.45% year-on-year decline. […]
Read MoreKUALA LUMPUR (Feb 28): Fitch Solutions Country Risk and Industry Research has lowered its forecast of Malaysia’s 2023 budget deficit as a share of GDP to 4.9%, from 5.3% previously, which is somewhat aligned with the government’s fiscal projections. In a report on Monday (Feb 27), the firm said it now expects revenue to come […]
Read MoreSINGAPORE is one of the few countries whose unity has strengthened through the Covid-19 pandemic, giving it a good platform to navigate its foreign policy challenges amid a “perfect storm of multiple interlocking crises”. Interest from businesses, investors, and entrepreneurs in coming to Singapore remains, as they recognise and appreciate its stability and consistency, said […]
Read MoreMANILA, Philippines — The Philippine stock market tumbled yesterday as interest rate and inflation concerns continue to weigh on investor sentiment. The benchmark Philippine Stock Exchange Composite index (PSEi) fell 86.56 points or 1.29 percent to close at 6,599.34. The market’s decline was expected as most analysts expect market volatility to persist in the first quarter of […]
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Thailand
