The recent inflation rate published by the Bank of Lao PDR (BOL), shows signs of a weakening economy as year-on-year inflation rises. The year-on-year inflation rate from June this year was 28.64%, a significant decrease from last month‘s figure of 38.86%, but higher than last year’s rate of 23.61% for June. According to the Inflation Report by […]
Read MoreMANILA, Philippines — While most economists are convinced the Bangko Sentral ng Pilipinas (BSP) has ended its tightening cycle by keeping key policy rates steady over the past two months, some still believe the door for rate hikes remains open. Moody’s Analytics said the BSP’s Monetary Board remains hawkish as it stands ready to respond […]
Read MoreCONDOMINIUM rental prices and volumes continued to rise in May, albeit at a slower pace, indicated on flash estimates from SRX and 99.co released on Tuesday (Jun 27). Overall resale prices rose 0.9 per cent from April and were up 9.2 per cent year on year. However, not all regions registered price increases. The Core […]
Read MoreSINGAPORE, June 27 (Reuters) – Malaysia’s state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration head said on Tuesday. About 60-70% of its production is natural gas and will remain so going forward, Adif Zulkifli, executive vice […]
Read MoreTo manage risks MANILA, Philippines — The Bankers Association of the Philippines (BAP) has launched a new facility, allowing members and customers to better manage foreign exchange and interest rate risks. In a statement, the group said that it has introduced the dollar-peso cross-currency swap (USDPHP CCS) market that would allow banks to utilize hedging […]
Read MoreJakarta. Indonesia’s foreign direct investment (FDI) could go up to 1.4 percent of its gross domestic product, or GDP, in 2025, according to a recent report by the World Bank. The World Bank attributed this uptick to the job creation law and the government’s industrial downstreaming strategy of processing raw minerals at home for greater added value. […]
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Thailand
