MANILA, Philippines — The Bangko Sentral ng Pilipinas will likely resume cutting its benchmark rate next year, according to its governor, who said monetary authorities are on a wait-and-see mode as the previous rate cuts work their way through the economy. “We’re maybe considering around 50-basis points next year,” BSP Governor Benjamin Diokno told Bloomberg […]
Read MoreThe government vows to cap the ratio of public debt to GDP at 50% in the medium-term fiscal plan for 2021-24. The Monetary and Fiscal Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, on Thursday approved the medium-term fiscal policy framework as required by the Fiscal Responsibility Act. The act, enforced from April 20, 2018, […]
Read MoreOf the 137 countries that trade with Myanmar, volumes from the 10 largest have spiked in the past decade and could continue growing as the local economy develops and expands, officials said. China is currently Myanmar’s largest trading partner, followed by Thailand, Singapore, India, Indonesia, Malaysia, Japan, Vietnam, Korea and the US. According to the […]
Read MoreThe middle class in Vietnam is growing fast and is expected to make up 50% of the population by 2030, said Phuc in a meeting on December 12 with a US business delegation led by Board Chairman of the US – Asian Business Council (USABC) and CEO of Underwriter Laboratories (UL) Keith Williams. Phuc added […]
Read MoreThe government has said that it will soon submit two omnibus bills to lawmakers so that the two parties can begin deliberations over them. If passed, the bills on job creation and on taxation will amend more than a thousand articles in prevailing laws that some say have deterred investment into the country. “We will […]
Read MoreMANILA, Philippines — Prices of sugar in the Philippines will remain above global levels, a Fitch unit said, adding that slow production growth will likely persist in the face of steadily rising consumption. In a research note, Fitch Solutions downwardly revised its sugar production forecast for the Philippines for this year and next to 2.1 million […]
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Thailand
