MANILA, Philippines — The economy likely accelerated by 7.4 percent in the fourth quarter of 2021 from 7.1 percent in the third quarter, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “The Philippine economy appears to have turned the corner and appears set for a faster growth,” Diokno said during the 25th general […]
Read More[BENGALURU] Malaysia’s central bank will wait until at least July before raising interest rates from a record low as it waits for the economic recovery to take hold, a Reuters poll found. Although inflation climbed above Bank Negara Malaysia’s (BNM) 2 per cent to 3 per cent outlook range in November, it was expected to […]
Read MoreSINGAPORE’S key exports continued growing for the 13th straight month in December, although momentum has eased slightly from the previous month. Non-oil domestic exports (NODX) rose 18.4 per cent year on year with the help of both electronic and non-electronics, but this was slower than November’s 24.2 per cent growth, according to data released by […]
Read MoreThe Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden, says Finance Minister Arkhom Termpittayapaisith. The 90% tax cut took effect in June 2020. From 2020 to 2021, the tax reduction cost the state coffers around 30 billion baht per year, he […]
Read MoreCambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. Outstanding loans rose by 21.2 percent year-on-year to $45.7 billion last year, while customers’ deposits surged by 15.4 percent to $38.5 billion, […]
Read MoreMANILA, Philippines — The country’s sugar production continued to grow, albeit at a slower pace, rising by 4.63 percent. According to the Sugar Regulatory Administration (SRA), raw sugar production reached 657,352 metric tons (MT) as of Jan. 2, higher than the 628,286 MT in the same period last year. The growth, however, is slower than […]
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