MANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep interest rates on hold this week as part of the regulator’s commitment to maintain an accommodative monetary policy stance until the economy fully recovers from the impact of the pandemic. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the Monetary […]
Read MoreThe government-backed Techo Startup Center says it plans to launch a digital platform next month, providing a one-stop shop for tech entrepreneurs who want to turn their business ideas into reality. The centre, which works under the Ministry of Economy and Finance, already offers acceleration programmes for startups, with one on agricultural value chains and […]
Read MoreBANGKOK (REUTERS) – Thailand’s economy contracted less than expected in the third quarter as businesses started a slow recovery from the coronavirus-driven slump in activity, while the reopening of the tourism sector raised hopes of a steady revival. The government on Monday (Nov 15) upgraded its economic growth outlook to 1.2 per cent this year, […]
Read MoreKUALA LUMPUR, Nov 15 — The ringgit opened slightly higher against the US dollar today despite positive expectations of the United States (US) improving data points. At 9am, the local note rose to 4.1630/1660 versus the greenback from 4.1645/1665 at Friday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the key data points to watch for would […]
Read MorePHNOM PENH, Nov 14 (Reuters) – Cambodia will stop requiring quarantine for travellers who have been vaccinated for COVID-19 starting on Monday, Prime Minister Hun Sen said on Sunday. The prime minister made the announcement in a voice message on social media after the Southeast Asian country has required lengthy quarantine for more than 18 […]
Read MoreThe baht opened at 32.74 to the US dollar on Monday, strengthening from the previous closing of 32.82. The Thai currency is likely to move between 32.65 and 32.80 during the day and between 32.50 and 33 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to […]
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