Land prices unexpectedly escalated after Tet holiday, though Vietnam is still struggling with Covid-19 and people have had to tighten their purse strings during the pandemic. Land prices in Hanoi skyrocketed following the news that the municipal authorities are planning to release the Red River subdivision plan in June. In Dong Anh suburban district, the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has retained the cap on interest rates on all credit card retail purchases and cash advances at 24 percent per year or two percent per month amid the low interest regime to help the economy recover from the pandemic-induced recession. In his weekly virtual press conference, […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production rose at a slower pace than expected in February, expanding 1.5% from a year earlier driven by higher factory output, government data showed on Friday. The production index measures factory output in manufacturing, mining and electricity generation. February’s expansion undershot the 2% growth forecast by 11 economists in a Reuters […]
Read MoreAFP – G20 finance ministers and central bankers began a videoconference to coordinate post-pandemic recovery plans, increase help for the poorest COVID-hit countries and discuss a US-backed global minimum corporate tax. The meeting hosted by current G20 chair Italy came a day after the International Monetary Fund (IMF) forecast faster-than-expected global economic growth this year of […]
Read MoreInput material prices for Vietnamese wood exporters have risen sharply, but most of them are stuck in the mud as there seems no suitable way to increase their selling prices accordingly. As global supply chains were affected by the Suez Canal incident, the supply issues for raw materials for Vietnam’s export wood processing were further […]
Read MoreMANILA, Philippines — The economy contracted by a slightly higher 9.6 percent in 2020 from an earlier estimate of 9.5 percent after data revisions by the Philippine Statistics Authority (PSA) The PSA said the country’s gross domestic product (GDP), a measure of economic output, shrank by a higher rate than the earlier figure reported in […]
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Thailand
