MANILA, Philippines — S&P Global Ratings raised the gross domestic product (GDP) growth forecast for the Philippines to 5.8 percent this year, from its earlier projection of 5.2 percent, to make it the third-fastest growing economy in Asia Pacific. Louis Kuijs, chief economist for Asia Pacific at S&P, said the GDP growth outlook for the […]
Read MoreThe banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. NBC has also been making serious efforts over the past several years to bring […]
Read MorePETALING JAYA: The Producer Price Index (PPI) for local production, which measures the prices of goods at the factory gate, shrank 0.8% year-on-year (y-o-y) in February 2023 against a 1.3% growth in January 2023, due to the base effect and lower prices of primary commodities. The downward trend was mainly due to the decline in […]
Read MoreThe number of Cambodian tourists visiting Viet Nam has been increasing this year, according to a latest report. Mộc Bài border gate of Tây Ninh Province welcomed around 200,000 tourists among the total of 390,000 Cambodians entering Vietnam. “Cambodians used to come here solely for medical purposes, but recently there is a rise in those […]
Read MoreDemand for luxury cars in Thailand and Asia-Pacific remains robust despite a sluggish global economy, says Italian luxury car manufacturer Maserati. The lesbian, gay, bisexual, transgender and queer (LGBTQ) group prefers unique cars and are a key target market for Maserati, according to the company. The automaker expects total sales in Asia-Pacific to exceed 4,000 […]
Read MoreMANILA, Philippines — The research arms of credit raters Fitch and Moody’s expect the Bangko Sentral ng Pilipinas (BSP) to deliver at least another rate hike as part of its tightening cycle to anchor inflation expectations. In a commentary, Fitch Solutions Country Risk & Industry Research said it sees one more 25-basis-point rate hike as […]
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Thailand
