MANILA, Philippines — The Bangko Sentral ng Pilipinas hiked interest rates on Thursday in a bid to contain brutal inflation that has sapped the public’s purchasing power. Following the Monetary Board’s meeting on Thursday, the BSP injected 25 basis points into its benchmark lending rate. This brought the key rate to 6.25% since the central bank […]
Read MoreTotal government revenues and expenditures reached 1.853 trillion and 1.088 trillion riel ($463 million and $272 million), respectively, in the first month of 2023 – equivalent to 7.16 per cent and 3.13 per cent of the full-year targets, according to the Ministry of Economy and Finance. The government budget surplus nearly tripled year-on-year to 765 […]
Read MoreThe Mong Cai international border gate in the northern province of Quang Ninh is becoming a customs clearance gateway for agro-fishery products between Vietnam and China. QUANG NINH — The Mong Cai international border gate in the northern province of Quang Ninh is becoming a customs clearance gateway for agro-fishery products between Vietnam and China. Head of […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector recorded a strong growth of 17.4 per cent in gross output to RM1.61 trillion in 2021 from RM1.37 trillion in the year before, said the Department of Statistics Malaysia (DoSM). In line with the expansion of gross output, intermediate input grew by 18.2 per cent to RM1.25 trillion in 2021 […]
Read MoreCar production in Thailand rose 6.39% in February from a year earlier to 165,612 units, as a shortage of microchips eased and car exports increased, the Federation of Thai Industries (FTI) said on Thursday. Car exports climbed 11.42% in February from a year earlier, after January’s 24.28% rise, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive industry division, […]
Read MoreMANILA, Philippines — More economists are betting the Bangko Sentral ng Pilipinas (BSP) will dial down on its rate tightening cycle with a smaller 25-basis-point hike amid the slight easing of inflation last month. Aris Dacanay, economist for ASEAN at HSBC, said the central bank’s Monetary Board is likely to hike key policy rates by […]
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