MANILA, Philippines — The Philippines and other Asia-Pacific economies reliant on remittances must implement policy reforms and boost digitalization efforts to ensure that money sent from abroad will remain strong and resilient despite the pandemic, according to the Asian Development Bank (ADB). In its latest blog, the ADB said remittances sustained their strong pace in […]
Read MoreThe baht opened at 35.33 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.50. The currency is expected to move in a range between 35.25 and 35.50 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht advanced last night as the dollar declined, but the Thai currency is […]
Read MoreThailand’s economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday. Exports, a key driver of growth, still had momentum despite the impact of Russia’s invasion of Ukraine on the global economy, Danucha Pichayanan, […]
Read MoreCambodia’s rice export prices continue to rise as the global food insecurity crisis continues, pushing supply and demand on producing countries. Chairman of the Board of the Cambodian Rice Federation, Hun Lak, said on June 21 that the value of Cambodia’s rice exports could be expected to increase further due to the impact of the […]
Read MoreMANILA, Philippines — The incoming governor of the Bangko Sentral ng Pilipinas (BSP) sees inflation breaching the two to four percent target by 1.5 to 1.7 percent this year on soaring oil and commodity prices. Monetary Board member and incoming BSP chief Felipe Medalla told “The Chiefs” on Cignal’s TV’s One News/TV5 that private forecasters […]
Read MoreVietnamese products are to face numerous trade defence measures in the future despite the large number of free trade agreements (FTAs) the country has signed, according to trade experts and policymakers. Le Trieu Dung, head of the trade defence department under the Ministry of Industry and Trade, said Vietnam has signed on a total of […]
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