MANILA, Philippines — Global banking giant Citi and Japan’s Nomura slashed their gross domestic product (GDP) growth forecasts for the Philippines as soaring global oil prices from Russia’s invasion of Ukraine may dampen consumption. Nalin Tutchotitham, economist for the Philippines at Citi, said the GDP growth, current account balance and inflation forecasts for the Philippines […]
Read MorePrime Minister Hun Sen said in the first two months of this year, Cambodia’s total exports saw a remarkable increase. At the inauguration ceremony of the National Road No. 21 in Kandal this morning, Mr Hun Sen said the exports from Cambodia in January and February this year rose by over 30 percent. For the […]
Read MoreSugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects. Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced […]
Read MoreJakarta. Indonesia has dropped the quarantine requirement for international travelers who have received the complete vaccine doses against Covid-19 starting on March 22. The government hopes this will encourage the country’s economic recovery. The decision ended two years of Indonesia’s border closure and put the country in the same position as its neighbors Thailand and Malaysia, […]
Read MoreS&P Global Ratings downgraded its ratings on 4 Thai banks, as it expects systematic risks have increased for banks operating in Thailand, it said on Tuesday (Mar 22). The credit ratings agency lowered its ratings on Siam Commercial Bank and Kasikornbank to “BBB” from “BBB+” and Krung Thai Bank and TMBThanachart Bank to ‘”BBB-” from […]
Read MoreMANILA, Philippines — Cargo shipping rates are set to increase by an average of 25 percent, as ship owners seek to cushion the impact of soaring fuel prices on their operations. In an interview on dzBB, Philippine Liner Shipping Association (PLSA) president Mark Matthew Parco said the planned rate increase would not require approval from the […]
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