MANILA, Philippines — The International Monetary Fund (IMF) is still expecting a significant slowdown in the economic expansion of the Philippines over the next two years despite the stronger-than-anticipated expansion in the first quarter. IMF mission head Shanaka Jay Peiris said the multilateral lender is sticking to its gross domestic product (GDP) growth forecast of […]
Read MoreA senior official of the International Monetary Fund (IMF) said last week that Cambodia’s economy would stay healthier this year compared to other countries in the region thanks to the rapid socio-economic recovery, while its major trade partners are expected to achieve their respective high growths in the second half of this year, said a […]
Read MoreThe Bank of the Lao PDR (BOL) has issued a warning to citizens about counterfeit banknotes of LAK 100,000 and LAK 50,000 denominations. The bank said that it has been informed that counterfeit banknotes that have been photocopied onto plain paper and have fake security threads attached to them are now in circulation. The bank has provided […]
Read MoreBANGKOK – Thailand’s economy expanded more than estimated in the first quarter as the nation benefited from resurgent tourism, although the outlook hinges on its ability to demonstrate political stability. Gross domestic product grew 2.7 per cent year on year in the three months to March, the National Economic and Social Development Council (NESDC) said […]
Read MoreMANILA, Philippines — Money sent home by overseas Filipinos to their families sustained its uptrend in March, but an analyst expects growth to be tempered by inflation heating up in developed economies. Data released by the Bangko Sentral ng Pilipinas on Monday showed that cash remittances surged 3% year-on-year to $2.67 billion in March. Remittances […]
Read MoreThe United Overseas Bank (UOB) rated the Việt Nam đồng as one of the most stable currencies in Asia, despite significant changes in the Fed’s interest rate hike expectations as well as concerns about a global recession and instability of the US banking system. HÀ NỘI — Amid fluctuations in the global financial market, the exchange rate […]
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