MANILA, Philippines — Japan’s Nomura forecast the Bangko Sentral ng Pilipinas will raise interest rates, with two 25 basis point hikes in tow before it hits the pause button, as inflation remains a pressing concern. In a commentary on Thursday, the Japan-based investment bank noted that accelerating core inflation, which hit 8% year-on-year in March, […]
Read MoreDespite volatility due to COVID-19, Cambodia’s 2022 apparel exports to Thailand reached $57.6 million, and fabric imports were $157 million. Thailand remains a major fabric supplier for Cambodia, with trade in fibre and yarn being insignificant between the two nations. Cambodia and Thailand recently pledged to achieve a bilateral trade volume of $15 billion by […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask Prime Minister Prayut Chan-o-cha to reconsider the electricity bill calculation, believing the power tariff of 4.77 baht per kilowatt-hour (unit) could be further reduced. The Energy Regulatory Commission (ERC) previously announced both businesses and households would pay the same tariff rate of 4.77 […]
Read MoreJakarta (VNA) – According to the latest Asian Development Bank (ADB) assessment, Indonesia’s economy is expected to grow by 4.8% in 2023 and 5.0% in 2024. ADB Country Director for Indonesia Jiro Tominaga said booming commodity exports drove growth to 5.3% in 2022, making up for modest domestic demand. Countries like Indonesia that rely strongly on commodity exports benefited […]
Read MoreANN/ELEVEN NEWS – Myanmar’s economic growth remains “severely diminished” and gross domestic product (GDP) is expected to increase just three per cent in the fiscal year to September, the World Bank said, as the country remains embroiled in conflict two years after the military seized power in a coup. Widespread violence, worsening power shortages and […]
Read MoreSINGAPORE, April 4 (Reuters) – Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due to global supply chain disruptions. Eleven out of the 17 analysts polled by Reuters expect the Monetary Authority of Singapore (MAS) would tighten its […]
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