MANILA, Philippines — The Philippines may lose in the banana export war amid continued stiff competition in the global market, prompting the government to allocate some P263 million to save the local banana industry. Agriculture Secretary William Dar has instructed agricultural attaches in China, South Korea, and Thailand to monitor the global situation as other […]
Read MoreMANILA, Philippines — The Philippines is making progress in addressing technical compliance deficiencies in its program against money laundering and terrorist financing, ahead of the deadline set by Paris-based global watchdog Financial Action Task Force (FATF). Based on the first follow-up report on the mutual evaluation of the Philippines obtained by The STAR, the Asia […]
Read MoreMANILA, Philippines — Sales of imported vehicles slid 49 percent in the eight months to August this year as demand remained weak amid the mobility restraints due to lockdowns implemented to address the coronavirus pandemic. In a statement yesterday, the Association of Vehicle Importers and Distributors Inc. (AVID) said it sold 29,360 units from January […]
Read MoreTHE second stimulus package in the Philippines strengthens the government’s Covid-19 efforts, but has limited implications for the country’s economic outlook, said economists. Following an earlier 275 billion peso (S$7.72 billion) package, the second package is worth 140 billion pesos, with standby approval for another 25.5 billion pesos for vaccine procurement and additional capitalization of […]
Read MoreMANILA, Philippines — Consumer loans posted their first ever quarterly decline in June despite record-low borrowing costs, adding concerns to a government counting on banks to rescue the economy from a pandemic-induced recession and stimulate spending. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed loans extended to households declining to P2 trillion as […]
Read MoreMANILA, Philippines — There is no stopping the peso from gaining more strength despite a pandemic-induced recession. The local currency on Wednesday appreciated by one centavo from previous day to close at P48.39 to a dollar. While the peso barely strengthened on a daily basis, the movement was enough for the local currency to notch its […]
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Thailand
