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Philippines’ dollar position lands in deficit in February

MANILA, Philippines — The national government’s foreign currency debt payments sent the country’s dollar position into familiar territory as it settled into a deficit in February. Data provided by the Bangko Sentral ng Pilipinas on Monday showed the country’s balance of payments position landed in a deficit of $895 million in February. This was larger than […]

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Thailand: DHL forecasts growth in international trade to stall

International trade growth is forecast to stagnate this year as countries have raised interest rates to combat surging inflation, leading to a worldwide economic slowdown, says global logistics company DHL. According to the Global Connectedness Index 2022, the global trade volume in goods reached 10% above the pre-pandemic level in the middle of last year, despite advanced […]

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