MANILA, Philippines — Unemployment continued to soften in May, while the quality of jobs improved beating but some sectors are still slashing their workforce as inflationary headwinds persisted. In a briefing on Friday, the Philippine Statistics Authority reported the results of a nationwide survey of 11,042 households showed there were 2.17 million Filipinos who were […]
Read MoreNational Bank of Cambodia (NBC) has revised Cambodia’s Gross Domestic Product (GDP) growth to 5.5 percent from 5.6 percent for 2023, while the banking system’s stability has been maintained and the non-banking industries have grown gradually even though external have negatively affected the real estate sector, said an NBC’s officials. The revised economic growth figure […]
Read MoreThailand’s cabinet has agreed to allow 500,000 foreign workers from Laos, Cambodia, Myanmar, and Vietnam to stay until the end of the month, to sort out their work permits to legally work and live in the country. Traisuree Taisaranakul, the Deputy government spokeswoman, said on Thursday that the agreement was reached on 4 June, following an amnesty program […]
Read MoreDespite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2% due to mounting broad-based challenges. Despite this, the bank points out that there will be a meaningful rebound occurring ahead in the fourth quarter of […]
Read MoreThe Better Factories Cambodia (BFC) has been a vital driver of Cambodia’s exports of garment, footwear, and travel goods to the US market, according to US Ambassador to Cambodia Patrick Murphy. He made the remarks during a meeting with Ith Samheng, Minister of Labor and Vocational Training, on Wednesday. “The Better Factories Cambodia project has […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may consider a rate cut if inflation returns to within the two to four percent target range for the fourth quarter of this year. Amid the inflation downtrend and possible return within the inflation target toward the end of the year, BSP Governor Eli Remolona told […]
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