MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said there are no clear signs of emerging second round effects as inflation remained above the government’s two to four percent target due to higher oil and food prices. In his weekly online press conference, BSP Governor Benjamin Diokno said inflation pressures over the past year […]
Read MoreThe baht opened at 33.34 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.45. The Thai currency is likely to move between 33.25 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to strengthen slightly due to the gold-selling. However, the […]
Read MoreConsumer confidence rose for a second straight month in October, hitting a five-month high, thanks to an easing of coronavirus curbs and a larger reopening of the country’s troubled tourism sector, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 43.9 in October from 41.4 […]
Read MoreA Facebook survey rates Vietnam as a home for digital transformation and forecasts that the market will lead the region in terms of e-commerce growth. Facebook and Bain&Company have recently published studies on the booming digital transformation in Southeast Asia. The report says that Vietnam, as the home of digital transformation, is at the forefront […]
Read MoreMANILA, Philippines — Prices of basic goods and services likely accelerated in October as global crude costs remain at three-year highs, but would start easing next year due to a lower base and the absence of one-off price increases. In its latest Market Call report, First Metro Investment Corp.(FMIC) and University of Asia and the […]
Read MoreThe business community is hoping for additional support following Prime Minister Hun Sen’s announcement that Cambodia will reopen by the end of this month. The local economy contracted by 3.1 percent last year, according to Asia Development Bank and is only forecast to grow 1.9 percent his year after projections were halved last month because […]
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