MANILA, Philippines — The International Monetary Fund (IMF) expects a shallower recovery for the Philippines in the second half due to the resurgence of COVID cases. Malhar Nabar, head of the World Economic Studies Division at IMF, told participants at the press briefing during the recently concluded Annual Meetings of the World Bank Group and […]
Read MoreAFP – Asian markets struggled yesterday as inflation concerns returned to the fore, with commodity prices rallying and central banks preparing to roll back their ultra-loose monetary policies. Adding to the grey mood was data showing growth in China’s economy, the world’s second-biggest, slowed further in the third quarter, hit by a property-sector crisis and a […]
Read MoreNon-garment exports clocked in at $3.3794 billion in the first nine months of 2021, surging by $1.140 billion or 50.9 per cent year-on-year, the General Department of Customs and Excise of Cambodia (GDCE) reported. In a press release on the minutes of a GDCE meeting last week, the department listed major non-garment exports as bicycles, […]
Read MoreThailand’s automobile market this year is not expected to meet its sales target of 800,000 units, since only 520,000 vehicles have been sold over the past nine months. The sale season at the end of this year is not looking very bright as people’s purchasing power has shrunk, coupled with flooding and tougher financing regulations. […]
Read MoreMANILA, Philippines — The Philippines should review and update its consumer laws to take into consideration the rise in digital transactions and increased access to product testing facilities, an Association of Southeast Asian Nations (ASEAN) study showed. Results of the peer review on the Philippines’ consumer protection system – conducted by a team composed of […]
Read MorePETALING JAYA: Although the domestic economy is poised for a stronger expansion next year, there are potential headwinds that should not be discounted which may hamper its growth. Among them are the transition into the endemic phase of Covid-19 which could pose a health risk, a slowdown in the global economy due to supply chain […]
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