Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong. The Vietnamese government targets economic growth of 2% to 3% in 2020, 6% in 2021, however, it remains quite modest compared to positive assessment from international organization and […]
Read MoreMANILA, Philippines (UPDATE 10:29 a.m., Nov. 5)— Tight pork supplies and rising tuition that came with schools restarting classes fueled inflation to hit a 3-month high in October, a kind of price pick-up that hardly reflected consumption finally getting its groove back from the damage caused by pandemic-induced lockdowns. Prices of basic goods and commodities, as measured by the […]
Read MoreThailand’s cross-border trade, including transit trade, fell by 4.88% year-on-year in the first nine months of 2020, spurred on by the pandemic and the slowing economy. The Commerce Ministry’s Foreign Trade Department reported on Wednesday that overall border and transit trade totalled 968.87 billion baht, with Malaysia registering as the biggest partner by value and […]
Read MoreOver 1.5 million units of Cambodian bicycles have been exported to foreign markets as of the third quarter of this year, generating nearly $400 million, according to figures from the Ministry of Commerce. From January to September this year, Cambodia exported half of million bicycles to the U.S. market, 360,000 others to Germany, while 270,000 […]
Read MoreState-owned airport operator Angkasa Pura (AP) I recorded 2.16 million passengers in October, a 16.9 percent increase from the month before, after the Transportation Ministry rolled out a stimulus program for the aviation industry. In addition to the passenger increase, AP I recorded a 10.9 percent month-on-month (mom) increase in air traffic in October to […]
Read MorePETALING JAYA: Bank Negara’s decision to keep the overnight policy rate (OPR) unchanged at 1.75% is positive for banks. It would provide a reprieve for banks’ net interest margin (NIM) – a measure of the difference between interest paid and interest received. Banks are already facing pressure on the bottomline from the 125-basis-point (bps) cut […]
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