MANILA, Philippines — The Philippine economy is strong enough to absorb rate hikes aimed at curbing rising inflationary pressures and stabilizing the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla told participants of a roundtable discussion between key economic officials and US-based business and financial communities in Washington that a 25-basis-point […]
Read MoreThe International Monetary Fund (IMF) is predicting that Laos will see economic growth of just 2.2 percent this year, before rising 3.1 percent in 2023 and 4.3 percent in 2027. The IMF’s October projection remained unchanged at 2.2 percent, which was also projected in July, but the figure was downgraded from 3.2 percent forecasted in […]
Read MoreINDONESIA’S currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that South-east Asia’s largest economy is finally starting to crack after months of remarkable resilience against global headwinds. Despite its history of merciless market drubbings during times of global economic stress, Indonesia was a surprising outperformer until […]
Read MoreWhile Pursat hosted a boat race event, the Ministry of Commerce took the opportunity to hold an exhibition promoting Khmer products. Seang Thai, Secretary of State of the Ministry of Commerce, and Pov Piseth, Deputy Governor of Pursat, inaugurated the exhibition, held to promote Khmer products, on October 16. The exhibition was organized by the […]
Read MoreTHE growth of Singapore’s key exports eased in September, dragged by a contraction in electronic shipments as well as declining deliveries to most of the Republic’s top 10 key markets, including China and Hong Kong, data from Enterprise Singapore (EnterpriseSG) showed on Monday. Non-oil domestic exports (NODX) in September grew 3.1 per cent year on […]
Read MoreDropping global consumption is a challenge for various industries in Vietnam and local businesses might lay off staff or scale down operations. Given runaway inflation and the U.S. dollar rise against the Vietnamese dong, the plunge in export orders for local manufacturers is expected to last until the first quarter of 2023. Layoffs and factory […]
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Thailand
