MANILA, Philippines — The Department of Finance (DOF) has warned that the twin troubles of surging inflation and the war in Europe will push interest rates up and disrupt foreign direct investments (FDI). DOF chief economist Gil Beltran yesterday said the next administration should brace for impact in case borrowing costs sustain their upward trend […]
Read MoreThe economy is likely to grow at around 5 percent this year, primarily supported by agricultural exports, transport, telecommunications and improved investment flows and remittances from overseas workers. The National Bank of Cambodia made the economic projection in its Financial Stability Review 2021, released recently. In terms of trade and investment, the country is expected […]
Read MoreThe State Bank of Vietnam (SBV) has affirmed that it will apply a flexible monetary policy amid global uncertainties. Since early 2022, the international financial market has experienced complicated movements. Russia-Ukraine tensions have had a negative impact on the global economic and financial system, affecting fuel prices and basic commodities, and exacerbating the consequences of […]
Read MoreFitch Ratings has affirmed Thailand’s credit rating at “BBB+” with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana. Fitch affirmed Thailand’s long-term foreign-currency issuer default rating at “BBB+” with a stable outlook, according to a release on June 21. Thailand’s ratings are underpinned by the country’s sustained external financial […]
Read MoreUS retail multinational Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying fruits, food products, and electronics. The remarks were made by Anbinh Phan, director of Walmart’s Global Government Affairs, in a virtual meeting with Ith Samheng, Minister of Labor and Vocational Training, yesterday. The […]
Read MoreThe surging supply of cheap condos has been achieved through lower overheads, strict debt management and in-house construction, according to Regent Green Power, the largest developer of such inexpensive units. Nirat Yoopakdee, Regent Green Power managing director, said the company was able to develop condo units priced at or below 1.2 million baht in locations […]
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