MANILA, Philippines — Japanese investment bank Nomura expects the Philippines’ terminal rate hitting 6.75 percent, as stubbornly high inflation would prompt the Bangko Sentral ng Pilipinas (BSP) to deliver more interest rate increases. Nomura chief ASEAN economist Euben Paracuelles and analyst Rangga Cipta said the bank has raised its inflation forecast for the Philippines to […]
Read MoreTravellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels. Tourist arrivals across the region should reach about half of their 2019 levels, with a full recovery to pre-pandemic norms pushed back to 2025 […]
Read MoreKUALA LUMPUR, March 13 — Malaysia’s Industrial Production Index (IPI) growth moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down partly by a slower growth in manufacturing output, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the manufacturing sector’s […]
Read MoreIndonesian Minister for Economic Affairs Airlangga Hartarto said the country is aiming for up to 5 billion USD in furniture export revenue in 2023. Jakarta (VNA) – Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said the country is aiming for up to 5 billion USD in furniture export revenue in 2023. Speaking at the opening of the Indonesia […]
Read MoreOfficials in Vietnam say the country’s restrictive visa policies have affected foreign tourist arrivals and have pushed for more open regulations. According to tourist industry insiders and experts, the list of visa-exempt nations should be expanded further so that tourism can quickly recover and Vietnam can remain competitive, Vietnam News reports. “The restrictive visa policy has […]
Read MoreMANILA, Philippines — The Philippine economy may grow by 5.8 percent this year, faster than its earlier 5.6 percent projection, due to sustained consumption and amid expectations of a rebound in China’s growth, according to S&P Global Market Intelligence. “Continued rapid GDP (gross domestic product) growth of around 5.8 percent y/y (year-over-year) is expected in […]
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Thailand
