MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics. In its latest commentary, Fitch Solutions Country Risk & Industry Research said the central bank’s Monetary Board is likely to keep its […]
Read MoreDisbursement of the foreign capital inflow rose by 6.5% to US$4.1 billion during the January-March period. Foreign Direct Investment (FDI) commitments during the first quarter of 2021 surged by 18.5% year-on-year to US$10.13 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Meanwhile, disbursement of the foreign […]
Read MoreThe Customs Department is set to launch a digital platform to facilitate importers who are individual entrepreneurs to address import-related obstacles. Phantong Loykutnanta, deputy director-general of the department, said with thriving cross-border purchases via e-commerce, 38 million parcels a year are imported by international delivery companies through express mail services at Suvarnabhumi airport. Another 5 […]
Read MoreKUALA LUMPUR: Malaysia’s February exports rose 17.6% year-on-year (y-o-y) to RM87.57bil, backed by rising global demand for semiconductors, rubber products as well as petroleum products and palm oil. According to the International Trade and Industry Ministry (Miti), this was a sixth consecutive month of export growth for the country and its highest recorded growth in […]
Read MoreHANOI: Vietnam’s gross domestic product grew 4.48% in the first quarter of 2021 from the same period a year earlier, while March exports soared 19.2% year-on-year, government data released on Monday showed. The expansion of GDP compared with 3.8% growth in the first quarter of 2020 and 4.48% in the fourth quarter. The industrial and […]
Read MoreThe developing economies of East Asia and the Pacific (EAP) are facing a markedly uneven recovery, according to the World Bank’s latest economic update for the region called Uneven Recovery Drives Growing Inequality Across East Asia and the Pacific. Despite startuing to bounce back in the second half of 2020, only China and Vietnam have […]
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Thailand
