No changes in key rates MANILA, Philippines — Monetary authorities decided to keep an accommodative stance to support the economy as inflation is now expected to breach the government’s two to four percent target for this year while the country continues to struggle to control the raging COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreJAKARTA: Indonesia’s economic recovery will not be disrupted by recent capital outflows and Southeast Asia’s largest economy is set to grow close to 5% this year, a central bank deputy governor said on Friday. Emerging markets have seen capital outflows in recent weeks pressuring their currencies, triggered by uneven economic recovery globally and rising U.S. […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to grow by six per cent in 2021, a more moderate pace than the previously estimated 6.7 per cent, said the World Bank. It said the growth is expected to be supported by the gradual strengthening in domestic demand following the vaccine deployment beginning March 2021, […]
Read MoreThe number of both registered fixed and mobile internet subscribers in Cambodia has seen remarkable increase last year thanks to the high demand of internet in the COVID-19 context, while the number of SIM card subscribers is reportedly decreasing. According to Chea Vandeth, Minister of Post and Telecommunications, there were more than 16 million internet […]
Read MoreIt would be ideal for Vietnam to gradually reopen its borders from the third quarter of this year and adopt an open visa policy. A slow reopening of borders for international tourists may hamper Vietnam’s tourism outlook, as such, the Tourism Advisory Council (TAB) called for the government to gradually allow foreign entry without quarantine. […]
Read MoreMANILA, Philippines — Security Bank Corp. expects remittances from overseas Filipino workers (OFWs) growing by four percent to a record high $31 billion this year due to the ongoing global rollout of COVID-19 vaccines. Data from the Bangko Sentral ng Pilipinas (BSP) showed personal remittances slipped by eight percent to $33.19 billion last year from […]
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Thailand
