MANILA, Philippines — Economists further raised their inflation forecasts over the next two years after the higher-than-expected inflation print in January, according to results of the survey conducted by the Bangko Sentral ng Pilipinas (BSP) for February. Dennis Lapid, officer-in-charge of the BSP’s Department of Economic Research (DER), said the survey for February showed that […]
Read MoreThe commission for manufacturing subcontract management in the garment and textile industry under the Ministry of Commerce (MoC) has launched an investigation into the business agreements after concerns were flagged by the American Apparel & Footwear Association (AAFA) over the alleged abuse of labour principles, said a senior official of MoC. AAFA represents more than […]
Read More(Bloomberg) — Malaysia’s central bank will probably raise its key rate by another 25 basis points next quarter before it is done with tightening, according to a poll of economists. Bank Negara Malaysia is expected to keep its overnight policy rate at 3% for at least a year after a final, quarter-point increase between April-June, […]
Read MoreThe Ministry of Finance has proposed that the Government consider allowing enterprises to pay principal and interest on bonds in shares and real estate products. The Ministry of Finance (MoF) has just submitted to the Government a draft decree on trading private placement of corporate bonds in the domestic market and offering bonds to international […]
Read MoreThe government’s planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), the export value of goods in US dollar terms is anticipated to […]
Read MoreSINGAPORE – Marine fuel sales in Singapore hit a two-month high in January as more vessels called at the world’s largest hub, taking advantage of lower prices. Sales rose to 4.38 million tonnes, an increase of around 4 per cent compared with the previous month, according to data released by the Maritime and Port Authority […]
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Thailand
