MANILA, Philippines — Southeast Asian countries needs to come up with stronger regulatory frameworks and innovative methods in the plastic value chain in order to reduce plastic waste, according to the World Bank. In a World Bank blog post, Axel van Trotsenburg who serves as managing director of operations at the World Bank, and Association […]
Read MoreBanks’ recent deposit rate hikes indicate a liquidity crunch. Is inflationary pressure huge? Deposit interest rates at banks such as BaoViet Bank, ACB, Techcombank and Sacombank inched up again in the first half of July. Most of them are the major joint-stock banks in the system. Even big state-run banks such as BIDV and Agribank […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) still has room to continue raising key policy rates, following last week’s off-cycle rate hike, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In a briefing, AMRO chief economist Hoe Ee Khor said the BSP’s recent 75-basis-point hike, which brought the key policy rate to 3.25 percent, […]
Read MoreCambodia attracted fixed-asset investment of $1.29 billion from China in the first half of 2022, according to a report from the Council for the Development of Cambodia on Saturday. China remained the top foreign investor in the Southeast Asian country, accounting for 43 percent of the total investment of 2.99 billion dollars the kingdom approved […]
Read MoreProducer price index A handful of economic data are due this week including the producer price index (PPI), leading index and coincident index. Analysts expect the PPI to increase 11% in June from 11.2% in May. According to Trading Economics global macro models and analysts expectations, the producer price change is expected to be 12%, […]
Read MoreInflation in Cambodia continuously increased in the first months of this year, from 1.22% in February to 1.61% in March and skyrocketing to 7.2% in May – the highest recorded in the country in the last decade, according to the National Bank of Cambodia (NBC). Cambodian press have quoted NBC Governor Chea Chanto as saying […]
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