Southeast Asia’s fourth-largest economy sees inflation hit 8.6 percent, far above Thailand, Indonesia and Vietnam. Manila, Philippines – Emelie Ann Ducabo, 57, a married mother and sales worker in Metro Manila, has been forced to become an expert in pinching pennies to feed the seven members of her household. At the market, Ducabo buys pork, fruit […]
Read MoreThe Excise Department collected 198 billion baht in revenue during the first five months of fiscal 2023, down from 230 billion during the same period last year, attributed to the continued diesel excise tax cut, according to deputy director-general Kriengkrai Pattanaporn. In March, the government resolved to extend the period for the excise tax reduction for […]
Read MoreIn a recent report submitted to the Ministry of Industry and Trade (MoIT) and the Committee for Management of State Capital at Enterprises (CMSC), EVN delivered a bleak picture of its financial balance in 2022 due to high fuel prices and volatile foreign exchange rates. HÀ NỘI — The Electricity of Vietnam (EVN) has once […]
Read MoreCambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, National Bank of Cambodia (NBC) said in a statement on Saturday. NBC’s Deputy Governor Chea Serey and Xuan Changneng, vice governor of the People’s Bank of China, held the talks on the sidelines of […]
Read MorePETALING JAYA: Economists are taking a cautious stance on the economy, as global headwinds take a firm grip on the global macroeconomic landscape. Not only will these challenges affect domestic demand, the key driver of the Malaysian economy, but can also affect the country’s exports and business sentiments overall, they say. As a small and […]
Read MoreMANILA, Philippines — Banks expect a double-digit growth in earnings in the next two years due to higher net interest margins brought about by the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP). Based on the First Semester 2022 Banking Sector Outlook Survey (BSOS), the BSP said 77.9 percent of the respondents […]
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