MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to continue its tightening cycle although at a slower pace of 25 basis points on Thursday, with some economists saying this could be the last. ING Bank senior economist Nicholas Mapa is expecting a smaller 25-basis-point interest rate increase after BSP Governor Felipe Medalla […]
Read MoreA tire factory with an investment of $300 million started its operation in Preah Sihanouk province on Saturday. General Tire Technology (Cambodia), located in Sihanoukville Special Economic Zone (SSEZ), is a subsidiary of Chinese tire maker Jiangsu General Science Technology. The factory is capable of manufacturing at least five million vehicle tires and 900,000 truck […]
Read MoreAfter the State Bank of Vietnam cut several policy interest rates last week, interest rates on the interbank market, the open market operation (OMO) channel and commercial banks have all decreased. HÀ NỘI — Interest rates on the interbank market, the open market operation (OMO) channel and commercial banks have all decreased after the State Bank […]
Read MoreThailand’s e-commerce landscape is entering the next stage where major e-marketplace players are introducing innovative features to woo customers instead of focusing on price wars, while social commerce is strengthening in a bid to capture buyers. The growth of e-commerce will happen across diverse channels, ranging from social media to websites owned by product developers, said […]
Read MoreFEWER used cars changed hands in the first two months of 2023 compared with the same period last year, despite high certificate of entitlement (COE) premiums that would typically drive some buyers to shop for second-hand vehicles. There were 1,143 used cars sold in January and February, a drop of 7.72 per cent from 2022. […]
Read MoreTHE supply chain disruption after multiple Covid-19 lockdowns, China’s zero-Covid-19 policy, and Russia’s war of aggression against Ukraine has caused an unprecedented challenge and hindered recovery efforts for Malaysia’s economy, which has also been significantly affected by these turmoils. With the strong demand for and supply chain challenges, tight labour markets, and increase in commodity […]
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