MANILA, Philippines — Bank economists are divided on whether the Bangko Sentral ng Pilipinas (BSP) is going for a softer 25-basis-point interest rate hike or maintain the aggressive 50-basis-point increase this week, as inflation blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December. China Bank […]
Read MoreAmidst the turbulence in the world economy due to inflation, soaring energy prices, supply chain disruptions and the ongoing US-China competition, the challenges facing Southeast Asia are becoming increasingly complex with each passing year. But the region’s confidence in ASEAN’s leadership in global free trade soared from 15.5 percent in 2022 to 23.5 percent in […]
Read MoreAs ASEAN Chair in 2024, Laos will also host the ASEAN Tourism Forum in January, allowing nations in the bloc to discuss matters related to travel and tourism. TTG Weekly reports that the Travel Exchange (TRAVEX), a regional marketplace and fair for ASEAN country members, will be held at the Lao-ITECC Exhibition Centre in Vientiane Capital, but […]
Read MoreSINGAPORE’S economy grew 3.6 per cent in 2022, revised down from January’s advance estimate of 3.8 per cent, data from the Ministry of Trade and Industry (MTI) showed on Monday (Feb 13). This was slower than 2021’s 8.9 per cent growth rate, which has been revised upwards from the earlier figure of 7.6 per cent. Fourth-quarter growth […]
Read MoreMANILA, Philippines — The Anti-Money Laundering Council (AMLC) is ramping up its campaign against money mules as the number and value of suspicious transactions rose sharply starting 2021 with the emergence of digital banking and electronic wallets. In a report on money mules released in December last year, the financial intelligence unit said it received […]
Read MoreSINGAPORE – Singapore’s key non-oil domestic exports (Nodx), and total merchandise trade, which includes oil, are expected to post minus 2 per cent to 0 per cent growth this year, Enterprise Singapore (EnterpriseSG) said on Monday, maintaining its earlier forecast. This is as Nodx growth slowed to 3 per cent last year from 12.1 per […]
Read More
Thailand
