MANILA, Philippines — The projected speed bump in the economic recovery in the third quarter arising from the reimposition of a strict lockdown in the National Capital Region (NCR) is likely to prompt the Bangko Sentral ng Pilipinas (BSP) to keep interest rates at record lows. ING Bank Manila senior economist Nicholas Mapa said the […]
Read MoreThailand and Australia have agreed to pursue a strategic economic partnership to boost bilateral trade and investment, with the deal expected to be signed next year. Speaking after a teleconference with Dan Tehan, Australia’s minister for trade, tourism and investment, Commerce Minister Jurin Laksanawisit said Australia is keen to forge a strategic economic partnership with […]
Read MoreThree major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. These are the draft laws on the ratification of the Regional Comprehensive Economic Partnership (RCEP) […]
Read MoreThe last-mile parcel delivery segment is expected to see slower growth this year due to the damaging effects of the pandemic, according to new research. The segment is expected to see revenue grow by just 19% to 71.8 billion baht this year, slowing from a gain of 31.3% in 2020, according to Kasikorn Research Center […]
Read MoreA decline in local automotive and oil sales has affected the Excise Department’s revenue collection, said director-general Lavaron Sangsnit. He said a shortage of semiconductor chips, a key component for vehicles, has affected domestic car sales and in turn excise tax collection. Domestic fuel consumption has also dipped, in line with the country’s weakening economy. […]
Read MoreMANILA, Philippines — Local factories were on a roll in June, as they posted triple-digit output growth for the third straight month mainly due to help from a low base. But new lockdowns meant to curb the spread of Delta variant are posing a big threat to recovery. What’s new The Philippine Statistic Authority’s monthly […]
Read More
Thailand
