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Philippines: Two more rate hikes likely before BSP pause

MONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday. The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas’ (BSP) policymaking […]

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Thailand: Many workers ill-prepared for old age

Finance Minister Arkhom Termpittayapaisith is concerned that more than 16 million informal workers have yet to participate in any savings scheme to prepare for life during retirement, even though Thailand is expected to become an aged society in the next two years. He said that Thailand is now an ageing society as at least 10% of […]

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Philippines: Inflation seen easing below 8% in January

MANILA, Philippines —  Inflation likely eased below eight percent in January after accelerating for four consecutive months to hit a 14-year high of 8.1 percent, according to bank economists. ING Bank senior economist Nicholas Mapa said Philippine inflation might have dipped to 7.8 percent in January, but is expected to remain at elevated levels as […]

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