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Philippines: BSP pauses policy easing

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) announced a pause in monetary easing to assess the impact of the aggressive actions it implemented to mitigate economic and financial fallout from the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said it is prudent for the Monetary Board to first evaluate if […]

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Vietnam enterprises look to put difficulties behind

The Hanoitimes – Companies are striving to adopt to a new situation and keep in place precautionary measures although the social distancing order has been lifted. Once the Vietnamese government has eased social distancing orders, the majority of Vietnamese enterprises have been quick to put in motion recovery plans and started resuming operations. During the 15-day […]

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Philippines: Lockdowns temper April inflation

MANILA, Philippines — Lockdowns and a halt in public transport in areas under community quarantine tempered inflation for the fourth straight month this year in April, the Philippine Statistics Authority (PSA) reported on Tuesday. Inflation, as measured by consumer price index, slowed to 2.2% year-on-year in April, down further from 2.5% the prior month and […]

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Cambodia: GMAC demands all payment from buyers

The Garment Manufacturers Association (GMAC) in Cambodia has reiterated an appeal to buyers to source their goods from Cambodia as the economic situation becomes worse with nearly 200 factories suspending their operations because of the COVID-19 pandemic. In an open letter released yesterday, GMAC said it has received commitments from only some buyers since its […]

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