MANILA, Philippines — The peso may weaken and move closer to the 49 to $1 level toward the end of the year due to stronger imports as demand is expected to recover amid the easing of lockdown measures, according to Bank of the Philippine Islands lead economist Jun Neri. “Dollar demand may pick up and […]
Read MoreThailand looks set to sign the Regional Comprehensive Economic Partnership (RCEP) trade pact by the middle of this month. According to a source at the Commerce Ministry who requested anonymity, Commerce Minister Jurin Laksanawisit would represent Thailand in signing the pact during Asean regional summits held virtually from Nov 12-15. Vietnam, as chair of Asean, […]
Read More[MANILA] The Philippines sees growth picking up in the current quarter after virus restrictions were eased, even as data due Tuesday is likely to show the economy continued to contract in the three months through September. The government expects its move last month to loosen curbs on movement and reopen more businesses “will have a […]
Read MoreThe increasing demand and the drying up of land banks in industrial zones has bumped up rental prices in first-tier property markets in Vietnam. Figures from CBRE Vietnam reported strong escalations in industrial land and warehouse rent. Industrial land rates went up 20-30 per cent on-year and warehouses have increased as well across industrial zones […]
Read MoreMANILA, Philippines — Business groups are hopeful the election of Joe Biden as new US president would pave the way for stronger trade ties with the Philippines, as well as greater global cooperation. American Chamber of Commerce of the Philippines Inc. senior advisor John Forbes said yesterday that while the group expects Biden to look […]
Read MoreBANGKOK (AFP) – Thailand’s competition regulator has given the nod for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns. The USD10.6 billion sale to Thailand’s biggest conglomerate was first flagged in March and also covers Tesco’s operations in Malaysia. “The majority of commissioners agreed that the […]
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