MANILA, Philippines — The Philippines will likely fail to achieve its economic target for this year due to a weak external environment and inflationary concerns, but its growth rate will still be among the fastest in East Asia and the Pacific. In its latest economic update, the World Bank retained its gross domestic product (GDP) […]
Read MoreReal estate experts welcomed the Residential Property Price Index (RPPI), saying it will help Cambodia control the rise in housing prices to a certain extent and reduce the risk of a crisis in the industry. PropNex Cambodia Real Estate managing director Ann Sothida said transactions and pricing of homes or properties in Cambodia are currently […]
Read MoreThe Bank of Thailand has signalled it might raise the policy rate in the future because of a faster than expected Thai economic recovery, aiming to control the rising inflation rate. The central bank’s Monetary Policy Committee (MPC) meeting yesterday voted 4-3 to maintain the policy rate at its existing level of 0.5%, said MPC […]
Read MoreThe baht opened at 34.42 to the US dollar on Wednesday, strengthening from Tuesday’s close of 34.47. The currency is expected to move in a range between 34.35 and 34.55 on Wednesday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht might fluctuate and weaken during the day, especially before and after a […]
Read MoreMANILA, Philippines — The World Bank kept its growth outlook on the Philippine economy on expectations that “strong domestic conditions” would counter external headwinds. In its “Philippine Economic Update” report released Wednesday, the Washington-based multilateral lender projected the economy to grow 5.7% this year, unchanged from its previous report. If realized, World Bank’s forecast would […]
Read MoreVietnam needs to reduce taxes and fees for petrol and oil products to stabilise the domestic petroleum market and ensure economic growth, according to experts. Now, the average price of petrol, one of the economic inputs, has increased by 27.26 per cent from the beginning of the year and nearly 50 per cent on-year in […]
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