MANILA, Philippines — The continued price pressure due to global tensions pushed the country’s headline inflation to 4.9 percent in April, its highest rate in over three years, with its downtrend still unlikely in the months ahead. The local consumer basket is now bearing the brunt of the Russia-Ukraine war after headline inflation, or the […]
Read MoreNot only foreign trade and manufacturing are booming, but Vietnamese domestic tourism is also gradually picking up. Vietnam remains a regional manufacturing hub in electronics, textiles, and footwear, with a growing number of international companies planning to shift their supply chains to Vietnam. The Finanzmarktwelt (Germany) quoted Tim Lee Lahaphan, an economist at Standard Chartered […]
Read MoreThe Asian Development Bank has predicted that the annual average rate of inflation in Laos will jump to 5.8 percent in 2022 and 5.0 percent in 2023. Inflation will be driven by higher oil prices, rising domestic demand, and the continuing depreciation of the kip, according to the ADB’s Asian Development Outlook (ADO) 2022. The […]
Read MoreMANILA, Philippines — Economists believe the Bangko Sentral ng Pilipinas (BSP) could deliver aggressive rate hikes amid quickening inflation, as well as the continued interest rate liftoff by the US Federal Reserve. Jun Neri, lead economist at Ayala-led Bank of the Philippine Islands (BPI), said a repeat of a 50 basis points hike by the […]
Read MoreVietnam’s e-commerce startup Tiki is expected to be Shinhan Financial’s first strategic partner in the Southeast Asian country. South Korea’s Shinhan Financial Group will acquire a 10% stake in the Vietnamese e-commerce company Tiki through its two subsidiaries to become the latter’s third-largest shareholder. Under the agreement, Shinhan Bank and Shinhan Card, the group’s two […]
Read MoreThai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the main contributors to inflation in May will […]
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