In 9 months MANILA, Philippines — The country’s budget deficit as a percentage of gross domestic product (GDP) swelled to 6.9 percent from January to September due to higher expenditures in response to the coronavirus pandemic, according to the Department of Finance (DOF). In his latest economic bulletin, Finance Undersecretary and chief economist Gil Beltran […]
Read MoreA decline in renewable energy costs is prompting the Energy Policy and Planning Office (Eppo) to review the inclusion of feed-in tariffs in electricity prices to help power operators, though it would increase power bills for households. The feed-in tariff, in use since 2013, is the state guarantee to buy electricity from renewable power plants […]
Read MoreAs opposed to that of supply, the recovery of demand remains weaker, which means that the recovery of growth in the coming time will depend largely upon whether consumers can bolster their purchasing power After eight months of slump in a row, Vietnam’s economy has begun to make a comeback during the last two months, […]
Read MoreFifteen nations in the Asia-Pacific, including Thailand, yesterday signed the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, as they concluded the 37th Asean Summit and related summits held virtually from Nov 12-15. The RCEP is a proposed free-trade agreement (FTA) between the 10 member states of Asean and six […]
Read MoreThe recent trend of transferring sub-projects to other developers in large-scale real estate complexes is considered one of the efficient ways to bring many benefits to developers, investors, and buyers. According to Ben Gray, director of Capital Markets at Cushman & Wakefield Vietnam, the concept of sub-project transfers is known in the market by some […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may extend its prudent pause by keeping interest rates unchanged anew on Thursday, but could deliver a surprise to support the pandemic-battered economy, according to analysts. ING Bank Manila senior economist Nicholas Mapa said there is a chance for a surprise move by the Monetary Board […]
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