MANILA, Philippines — Inflation likely eased to 6.3 percent in November from a near 10-year high of 6.7 percent in October as supply of agricultural products, particularly rice, started to normalize last month, according to the Department of Finance (DOF). In an interview, Finance Undersecretary and chief economist Gil Beltran said its inflation projection is also within the inflation forecast of the Bangko […]
Read MoreThe Hanoitimes – Business conditions strengthened at the second-fastest pace in the survey’s history, second only to the record seen in the first month of data collection. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) in November climbed from a 7-year high to 56.5 from 53.9 in October, signaling a sharp monthly improvement in the […]
Read MoreThe Ministry of Tourism has begun discussions with the Asian Development Bank (ADB) over a $30-million loan to fund infrastructure in coastal provinces that would support tourism development. The government has announced plans to use the money to build two seaports in Preah Sihanouk province – in Sihanoukville and in the island of Koh Rong. […]
Read MorePETALING JAYA: Despite inflationary pressure building up, the overnight policy rate (OPR) is expected to be maintained at 3.25% next year if gross domestic product (GDP) growth does not slide below 4%, according to economists. When contacted by StarBiz, many of them concurred that inflationary pressure would build up but it would unlikely to justify a hike in the OPR. […]
Read MoreMANILA, Philippines — Major stakeholders of the peso – renminbi (RMB) spot market that was launched recently has tapped Bloomberg to provide a reliable electronic trading platform. Deng Jun, country manager of the Bank of China Manila branch, said the Philippine RMB trading community has adopted Bloomberg FXGO to be the electronic trading platform for […]
Read MoreCash is still king for Thai consumers, remaining the top mode of payment, with QR code emerging as the most popular mobile payment method, according to a study by UnionPay International and Nielsen. “The Future of Payments” is an online survey of 400 mobile payment users in Thailand, including 100 respondents each from Gen Z (aged […]
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