Dairy firm Vinamilk (VNM) is co-operting with a partner in the Philippines and will export products to this country. When the market is large enough, VNM plans to build factories and cow farms in the Philippines. HÀ NỘI Dairy firm Vinamilk (VNM) plans total revenue in 2023 reaching VNĐ63.38 trillion (US$2.7 million), up 5.5 per cent compared […]
Read MoreCUTTING interest rates faster than the US Federal Reserve (Fed) will be “very dangerous,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Wednesday. Speaking to reporters at the sidelines of a central bank event, Medalla noted that while monthly Philippine inflation could finally fall within target this year, price growth in the US […]
Read MoreTHE Philippines’ agricultural trade deficit widened substantially last year as imports again outstripped exports, the Philippine Statistics Authority reported on Tuesday. Agricultural trade totaled $26.8 billion in 2022, 19 percent higher compared to the previous year’s $22.5 billion. Imports comprised nearly three-fourths or P19.3 billion while exports accounted for $7.5 billion. The resulting $11.8-billion deficit […]
Read MoreMANILA, Philippines — Philippine agricultural trade will sustain growth for the third straight year this year, as the El Niño phenomenon is seen to trigger higher imports. Latest data from the Philippines Statistics Authority (PSA) showed the value of the country’s agricultural trade expanded for the second straight year in 2022. It said agricultural trade […]
Read MoreMANILA, Philippines — Average electricity spot market prices for Luzon and Visayas markets are up this month, as rising temperatures pushed demand higher, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a virtual press briefing, data provided by IEMOP showed that the average wholesale electricity spot market (WESM) prices for Luzon […]
Read MoreMONETARY authorities have approved operational amendments and expanded the coverage of a dollar-hedging facility in a bid to ease pressures in the foreign exchange (FX) spot market. “The lessons from last year’s weakness in the peso show that spillover of risks is inevitable in an increasingly global and interconnected world,” Bangko Sentral ng Pilipinas (BSP) […]
Read More
Thailand
