MANILA, Philippines (Update 1, 8:08 a.m.) — The Bangko Sentral ng Pilipinas (BSP) yesterday kept interest rates at record lows for its eighth and last policy meeting for the year even as the emergence of new COVID-19 variants poses downside risks to the outlook for economic growth and inflation. In a virtual press conference, BSP Governor Benjamin Diokno said the […]
Read MoreThe Council of Ministers on December 16 approved two draft bills, respectively amending the Law on Commercial Enterprises (“LCE”) and Law on Commercial Regulations and the Commercial Register (“LCRCR”), which are designed to improve the ease of doing business in Cambodia and prepare for post-Covid economic recovery. The endorsed draft instruments will now be put […]
Read MoreThe Finance Ministry might slap a tax on share sales by individual investors in the Stock Exchange of Thailand (SET) next year to generate additional revenue, says Finance Minister Arkhom Termpittayapaisith. The financial transaction tax has been on the books for around 30 years, but has always been waived. Mr Arkhom said the ministry needs […]
Read MoreJAKARTA, Dec 17 — The World Bank projected Indonesia’s economy to recover at a moderate pace of 3.7 per cent in 2021 due to the Covid-19 Delta variant wave mid-year. In a statement today, it said the growth would speed up to 5.2 per cent in 2022 if the country avoided another severe Covid-19 spike, […]
Read MoreBusinesses continue to pin their hopes on the swift recovery of Vietnam’s economy, with foreign ones in particular cautiously optimistic about their prospects in the country moving into next year. Adam Koulaksezian, executive director of the French Chamber of Commerce and Industry in Vietnam, told VIR, “In Ho Chi Minh City and neighbouring provinces like […]
Read MoreMANILA, Philippines — More Filipinos became poor in the first half of the year, as the pandemic wiped out gains of the Duterte administration in lifting people out of poverty. A survey of 174,007 families nationwide showed there were 26.14 million Filipinos living below the poverty line in the first six months of the year, […]
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