MANILA, Philippines — British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) would curtail consumption, which is a major growth driver. James Cheo, HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia, said in a virtual press […]
Read MoreThe Chinese side has announced that it will completely resume the operation of border gates and paths with Vietnam in northern Lao Cai province from January 8, said Ha Duc Thuan, Vice Director of the Management Board of Lao Cai Economic Zone. Specifically, the Chinese side will re-open its border for people, vehicles and goods […]
Read MoreHANOI: The Planning and Investment Ministry will focus on keeping the macro economy stable, controlling inflation and ensuring economic growth at a reasonable rate. Speaking at a conference, minister Nguyen Chi Dung said the slogan for action in 2023 would be “Seizing opportunities – Towards the future”, adding that in difficulties, there would always be […]
Read MoreMomentum is growing for the resumption of long-delayed talks between Thailand and Cambodia on joint petroleum exploration in the Gulf of Thailand, after the two countries showed interest in pushing ahead with the project. Kurujit Nakornthap, executive director of the Petroleum Institute of Thailand, is urging the government to work with Cambodia to relieve the impact of […]
Read MoreWith more and more US fashion companies looking to go for expanding and diversify their garment sourcing base after the supply chain disruption caused by the Covid-19 pandemic, Cambodia is likely to emerge as one of the beneficiaries. Around 40 percent of the US fashion companies have stated that they planned to “source from more […]
Read MoreMANILA, Philippines — Expect the Bangko Sentral ng Pilipinas (BSP) to deliver more rate hikes and bring the benchmark rate to at least six percent this year, as inflation soared above the government’s target last year, top bank economists said. HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia James Cheo said […]
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