MANILA, Philippines — The tightening cycle being undertaken by central banks in Asia-Pacific including the Bangko Sentral ng Pilipinas (BSP) has succeeded in slowing the rise in prices, according to Moody’s Analytics. In a report, Harry Murphy Cruise, economist at Moody’s Analytics, said that central banks in Asia-Pacific face a difficult balancing act amid the […]
Read MoreSINGAPORE – Policymakers in Asia pushed back against a surging dollar, seeking to stem losses as their currencies teetered on the brink of key levels that may trigger more selling. Officials in Japan and South Korea ramped up the rhetoric, while China’s central bank set the daily reference rate on the yuan at the strongest […]
Read MoreKUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar. He noted that the agriculture and mining sectors now only contribute 14 per cent […]
Read MoreMembers of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%. VAMA reported on September 13 that of the total, the sale of passenger and special-purpose vehicles expanded by 9% and 21%, respectively; while that of commercial vehicles saw a […]
Read MoreThe General Department of Taxation (GDT) collected $2.43 billion as tax income in the January-August period of 2022, up 27.7 percent from $1.9 billion over the same period last year. The figure was mentioned in a meeting between Seng Chea Sith, Director, Department of Legislation, Tax Policy and International Tax Cooperation and Alasdair Scott, the […]
Read MoreMANILA, Philippines — Local car manufacturers saw sales rebound in August amid a vaunted economic reopening that lifted demand, helping the industry remain on track to meet its target for this year. A total of 30,185 units were sold in August, as sales fattened 90.5% year-on-year according to a joint report by the Chamber of […]
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