MANILA, Philippines — The Philippines is expected to post slower economic growth and higher inflation this year despite an assurance from the Bangko Sentral ng Pilipinas (BSP) that the country is insulated from the ongoing Russia-Ukraine war, according to S&P Global Ratings and Moody’s Investors Service. In its latest Global Macro Update titled “Preliminary Forecasts […]
Read MoreThe baht opened at 33.26 to the US dollar on Friday, strengthening from Thursday’s close of 33.30. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.20 and 33.40 during the day. He reckons the baht has a chance to strengthen as the currency market is open to more […]
Read MoreJakarta (ANTARA) – The Board of Governors of Bank Indonesia decided to maintain the benchmark interest rate, or the 7-Day Reverse Repo Rate, at 3.5 percent during their meeting on March 16–17, 2022. Meanwhile, the deposit facility interest rate has been kept unchanged at 2.75 percent, and the lending facility interest rate is at 4.25 […]
Read MoreVietnam currently has two oil refineries meeting 70% of the local demand. Vietnam is finalizing procedures to build an oil refinery, the third of its kind, to ensure domestic supply amid global fluctuations. The Vietnam Oil and Gas Group (PetroVietnam) has undertaken an oil refinery with a capacity of 10 million tons/year in the southern […]
Read MoreThe volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at about $437 million in the first two months of 2022, marking a 42.81 per cent rise year-on-year from $306 million, according to a statement released by the operator. For reference, company statistics show that January accounted for “more […]
Read MoreGreater interest in cryptocurrencies is expected in Thailand following news that the country is relaxing tax rules for cryptocurrency trading until the end of 2023 to boost the market. Roughly three-quarters (73%) of Thais are aware of cryptocurrency, while almost half (47%) of those surveyed own them. According to a recent study by YouGov RealTime […]
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