MANILA, Philippines — Economists are expecting the Bangko Sentral ng Pilipinas (BSP) to deliver an aggressive 50-basis-point interest rate hike on Thursday, bringing the benchmark rate to pre-pandemic levels. China Bank chief economist Domini Velasquez said the Monetary Board is expected to continue its aggressive pace by raising key policy rates by another 50 basis […]
Read MoreThailand’s customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% year-on-year after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in March, which was the highest level since records began in 1991. The slower pace of export growth […]
Read MoreThe Ministry of Finance (MoF) is drafting a proposal to reduce fees by 20 to 50 per cent for four transport types to help the sector recover. Specifically, the MoF proposed reducing tonnage fees for ships and boats involved in domestic maritime activities, maritime security fees and fees for entering and leaving seaports by 20 […]
Read MoreBlistering crop-withering temperatures that also risk the health of agricultural workers could threaten swathes of global food production by 2045 as the world warms, an industry analysis warned Thursday. Climate change is already stoking heatwaves and other extreme weather events across the world, with hot spells from India to Europe this year expected to hit […]
Read MoreMANILA, Philippines — The decision of Moody’s Investors Service to maintain the Philippines’ investment grade Baa2 rating and stable outlook reflects the sustained economic recovery amid increased external headwinds, according to economic managers. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the affirmation of the country’s rating would support the sustained recovery of the […]
Read MoreThailand’s economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic. Deputy government spokeswoman Traisuree Taisaranakul said on Saturday the number of people unemployed in July had fallen once again and set another marker in the country’s recovery from both the Covid-19 pandemic and an economic slump. […]
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