MANILA, Philippines — Ayala-led Bank of the Philippine Islands said Monday its balance sheet is strong enough to weather the impact of the Bangko Sentral ng Pilipinas’ rate hikes, although the company said it remains worried about red-hot inflation. At a press conference, top officials of the 171-year-old bank said they do not expect consumer […]
Read MoreThe baht appreciated more than 1% on Monday, logging a strong start to the month which is expected to see the country finally join its regional and global peers in normalising its pandemic-era stimulus policy as the economy gains traction. Japan’s yen was trading at an over six-week high, firming more than half a percent […]
Read More(Bloomberg) — Consumer prices in Indonesia rose by the fastest pace in nearly seven years in July, driven by stubbornly high food costs. Inflation stood at 4.94%, the highest since October 2015, the national statistics agency said on Monday. It beat the median forecast of 4.82% in a Bloomberg survey of analysts, and marked the […]
Read MoreDespite robust economic growth in Laos, there has been limited creation of employment opportunities, according to a recent World Bank report. This is largely because economic growth has been driven by capital-intensive sectors such as mining, energy and construction, which have not created sufficient jobs to meet existing demand. The Lao PDR Systematic Country Diagnostic […]
Read MoreMALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department. Chief statistician Datuk Seri Mohd Uzir Mahidin said generally, the growth of SMEs’ GDP will exceed Malaysia’s GDP but since 2020, the SME GDP has recorded slower growth than the […]
Read MoreMANILA, Philippines — Economists are at odds over the inflation figures for July, with some expecting further pickup and others seeing a slowdown in the pace of consumer price growth. Alvin Arogo, economist at Philippine National Bank, said inflation likely accelerated further to 6.7 percent in July after quickening to 6.1 percent in June from […]
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Thailand
