MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may turn hawkish next year with a rate hike of 75 basis points as the Philippines continues to gradually recover from the pandemic-induced recession, according to Fitch Solutions Country Risk & Industry Research. In a commentary titled “Philippines to Begin Hiking its Policy Rates in 2022,” […]
Read MoreWith export turnover surging by 11% to reach approximately US$32 billion during the past 10 months of the year, the local garment and textile industry is anticipated to rake in roughly US$38 billion this year. The Vietnam Textile and Apparel Association (Vitas) predicts that the country’s garment and textile exports will reach US$3 billion per month […]
Read MoreKUALA LUMPUR, Nov 23 — The ringgit ended at a near three-month low as a risk-off mode prevails amid weaker oil prices. At 6pm, the local note weakened to 4.1970/2000, a level last seen in late-August versus the greenback from 4.1850/1880 at yesterday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said […]
Read MoreBangkok Bank (BBL) predicts the economy will face a higher number of challenges over the next few years under a changing economic landscape following the Covid-19 pandemic. The economy will gradually recover in 2022, supported by the country’s reopening after progress in terms of the vaccination rollout. However, the economy will face medium-term risks because of […]
Read MoreLaos expects to earn USD 463 million in the final quarter of this year from mineral sales both domestically and for export, after earning USD 1.464 billion in the first nine months of 2021. Deputy Prime Minister Dr. Sonexay Siphandone told the National Assembly last week that the value of mineral sales this year is […]
Read MoreMANILA, Philippines — Revenues from tobacco products fell two percent in 10 months to October this year, as pandemic restrictions hindered the conduct of raids against makers and distributors of illicit cigarettes. Bureau of Internal Revenue (BIR) director Beverly Milo yesterday said tobacco industry revenues dipped to P185.74 billion in 10 months from P190.33 billion […]
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