MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to gradually slash interest rates after aggressive rate hikes over the past year to fight inflation and stabilize the peso. BSP Governor Felipe Medalla told reporters that the Philippines is not likely to mimic the monetary policy actions of other central banks, particularly the […]
Read MoreImax Corporation has struck a deal with Major Cineplex to create up to 10 new Imax With Laser systems in Thailand and Cambodia. The deal, announced at CinemaCon on Monday, will bring five new (two film and three conditional) systems in Thailand and carry out four upgrades to key locations in the country by 2025 […]
Read MoreThe government has agreed to increase the monthly minimum wage from the present 1.2 million kip to 1.3 million kip, with the rise to come into effect on May 1 to mark International Labour Day. The wage hike is aimed at easing the hardships suffered by many Lao people amid the skyrocketing cost of living […]
Read MoreGSO director general Nguyễn Thị Hương spoke to Vietnam News Agency about challenges to meeting the National Assembly’s inflation target of about 4.5 per cent. Along with global trends, Việt Nam’s inflation in the first three months of 2023 was decreasing. Therefore, the General Statistics Office (GSO) has forecast that this year’s inflation would be controlled under the target […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) now expects a further slowdown in the country’s economic growth in the first quarter amid elevated inflation and rising interest rates. BSP Governor Felipe Medalla told reporters on the sidelines of the opening of the exhibit titled “Executive Insights on Systemic Risks: Its Nuances and Challenges” […]
Read MoreSingapore | Singapore is raising property taxes to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub. The government is increasing stamp duties for second home buyers and foreigners purchasing private property, it said in a statement. […]
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