MANILA, Philippines — Growth in the wholesale prices of building materials in the National Capital Region (NCR) slowed down in February, snapping a brief uptick in January, the Philippine Statistics Authority (PSA) reported. Preliminary results of the Construction Materials Wholesale Price Index (CMWPI), which is used as a reference in the costing of government projects, […]
Read MoreTourism operators are urging the state to impose a two-week lockdown to keep the coronavirus from spreading to provincial areas and creating a deeper impact on the economy. It’s not too late to put the country into a complete lockdown, closing both land and air connections for two weeks or up to one month, as […]
Read MoreMANILA: The Philippine stock exchange chief said he plans to reopen the $188 billion market on Thursday, signaling a quick resumption of trading after the country became the first to shut financial markets in response to the widening coronavirus pandemic. The controversial move to halt trading came amid mounting speculation that other countries may take […]
Read MoreThailand Post will charge people sending a parcel weighing up to one kilogramme 19 baht each, starting on Tuesday, as part of a measure to accommodate online shopping in the wake of the coronavirus outbreak. “The move is to make it more convenient for people buying necessities, particularly consumer goods, via online shops, preventing them […]
Read MoreIndonesia’s foreign debt rose in January due to an increase in the government’s net borrowing, mainly through the issuance of government debt papers (SBNs). According to data released by Bank Indonesia on Monday, the country’s foreign debt, which includes borrowing by both the government and the private sector, was up 7.5 percent year-on-year (yoy) at […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates by 50 basis points or more on Thursday to cushion the impact of the coronavirus disease 2019 or COVID-19 on the economy. BSP Governor Benjamin Diokno said in a television interview that monetary authorities have enough space as the Monetary Board […]
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