MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to further slash the benchmark interest rates as central banks in Asia-Pacific are seen keeping a highly accommodative stance to boost the recovery of their respective economies from the pandemic-induced recession, according to global rating agency Fitch Ratings. In its 2021 outlook titled “Growth […]
Read MoreInternet securities trading accounts increased by 553,000 or 22.7% during the first three quarters to 3.02 million accounts, driving total securities trading accounts to 3.32 million at the end of September. According to the SET Note provided by the research department, the increase doubled the average annual figure of 230,000-330,000 accounts. More than 77,000 accounts […]
Read MoreMANILA, Philippines — The Philippines is set to become a laggard in Southeast Asia with the deepest economic contraction as it struggles to control the COVID-19 outbreak, according to Maybank Kim Eng. Maybank is now looking at a deeper GDP contraction of 7.8 percent instead of 6.5 percent this year for the Philippines, bigger than […]
Read MoreThe Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction. Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles. One the new route, it will take […]
Read MoreBangkok ranked the seventh most affordable office market to fit out in Asia-Pacific at US$713 or 21,390 baht per square metre, 170% less expensive than Tokyo, the most expensive, according to property consultant JLL Thailand. Stephen Taylor, managing director of project and development services, said fit-out costs in Bangkok were relatively stable despite price competition […]
Read MorePETALING JAYA: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported that the number of tourists fell to 4.29 million compared with over 20.10 million in the previous corresponding period with the movement […]
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Thailand
