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Philippines: Term deposit rates ease

MANILA, Philippines — The yields of term deposits eased across the board after the Bangko Sentral ng Pilipinas (BSP) decided to keep interest rates unchanged last week to assess the impact of earlier monetary actions. The seven-day tenor fetched 4.6240 percent, slightly lower than last week’s 4.6278 percent, while the yield of the 14-day term […]

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Global supply chains to be re-routed to Asean region

Chinese investment in the region’s manufacturing sector will intensify in the upcoming decade as China uses its Belt and Road Initiative (BRI) to re-orientate the global supply chain towards Asean in response to its trade battle with the US, a geopolitical expert predicts. “The Asean region will soon become a new base for China’s manufacturing […]

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Thailand – Somkid: Second-half boost for economy

Accelerated investment by the new government is expected to shore up the economy and help GDP grow at a faster pace in the latter half of the year, according to Deputy Prime Minister Somkid Jatusripitak. The new administration is expected to start by August, while the fiscal 2020 budget is projected to begin disbursement by […]

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