MANILA, Philippines — Remittances from overseas Filipino workers bounced backed strongly in September, recording the fastest growth in 29 months as OFWs scrambled to send more money to their loved ones in the country during the ‘ber’ months in preparation for the Christmas holidays, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno […]
Read MoreMyanmar has imported over a quarter-million tons of diesel and gasoline in October through sea route as the consumption has increased in open season, according to the data from the Ministry of Commerce. On October 4, the country imported 48,390.86 tons of diesel worth $16.096 million while it imported 47,950.61 tons of gasoline worth $16.4286 […]
Read MorePETALING JAYA: The sharp improvement in Malaysia’s gross domestic product (GDP) for the third quarter has led to optimism of growth in the fourth quarter, although this could now be slower than initially expected with the resurgence of Covid-19 cases. Kenanga Research said Bank Negara still has room to lean towards further monetary easing in […]
Read MoreThailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is the NESDC projecting the global economy […]
Read MoreThe big news on the sidelines of the closing session of the annual meeting of the 10-nation Association of Southeast Asian Nations (ASEAN) last Sunday was the virtual signing of the Regional Comprehensive Economic Partnership (RCEP), resulting in the creation of the largest free trade bloc in the world. It’s considered a powerful trade alliance […]
Read MoreAround 11.4 million households are at risk of falling into poverty from the economic crisis caused by the pandemic, with the unemployment rate rising to 1.9% in the third quarter, says the state planning agency. Jinanggoon Rojananan, deputy-secretary general of the National Economic and Social Development Council (NESDC), said there are 637,000 households dependent on […]
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