MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended relief measures for banks to help sustain credit growth, and at the same time provide continued access to financial services to vulnerable sectors of the economy amid the resurgence in COVID- infections due to the more contagious Omicron variant. BSP Deputy Governor Chuchi Fonacier […]
Read MoreThe HCM City Export Processing and Industrial Zones Authority said the city’s industrial parks and processing zones hope to attract investment worth US$500 million this year. They attracted $600.79 million last year, well above the target, including foreign investment of $220.26 million, it said. Speaking at a meeting held to finalise plans for 2022 last […]
Read MoreThe Commerce Ministry looks set to organise 152 export promotional activities and ramp up mini free trade agreements (mini-FTAs) with potential trading partners to stimulate export growth of 3-4% this year. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said the ministry aims to drive export promotional activities both offline and online in […]
Read MoreWith the EU rolling back import tariffs on long grain white rice from Cambodia and Myanmar, market participants expect a rise in shipments from Cambodian exporters who were however still skeptical due to continued high freight rates. The EU accounted for about 60% of Cambodian milled rice exports as recently as 2016, but that amount […]
Read MoreIndonesian Finance Minister Sri Mulyani Indrawati said on Wednesday, “the risks to the economy in 2022 and 2023 include tapering in us and EU, China economic policy, supply disruption.” Additional comments “High commodity prices have begun to affect Indonesia’s inflation, but inflation now still mild.” “Indonesia consumption and production have returned to pre-pandemic levels.” “Indonesia […]
Read MoreThe Philippine banking sector’s outlook is improving, as lenders’ financial performance and the economy are expected to improve this year, according to Fitch Ratings. “For the Philippines, we have an improving banking sector outlook as we expect financial performance to recover somewhat this year, in tandem with a pickup in economic activity that we expect,” Tania Gold, […]
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