MANILA, Philippines — Personal remittances from overseas Filipino workers (OFWs) grew by only 3.5 percent to $3.07 billion in January from $2.97 billion in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The latest figure was 11.9 percent lower than the monthly record high of $3.49 billion in December last […]
Read MoreThe lifting of COVID-19 restrictions in China could increase private consumption, boosting global trade, the Bank of Finland said on Tuesday. According to the bank’s latest report, the contribution of private consumption to gross domestic product (GDP) shrank during the pandemic, but could now return to the pre-COVID-19 trend of growth. Since China is one […]
Read MoreLao Airlines expects more demand from visitors wanting to travel from Laos to Danang, Vietnam after it resumes direct flights to the popular coastal city after 10 years. To make use of this new connectivity, tourism agencies in Laos and Vietnam will be organizing tour programs on this route for visitors from Laos who want […]
Read MoreThe State Bank of Vietnam (SBV) on Wednesday made its first policy interest rate cut since October 2020 to stabilise the monetary market and support economic growth HÀ NỘI — The State Bank of Vietnam (SBV) has made its first policy interest rate cut since October 2020 to stabilise the monetary market and support economic growth. Under […]
Read MoreThe Thailand Industry Sentiment Index (TISI) increased to 96.2 points in February, the highest level since April 2019, as manufacturing and consumer spending increased while the tourism recovery continued. More goods orders played a key role in boosting the confidence of manufacturers, said Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI). In January the […]
Read MoreCOSTLIER food items led to wholesale prices growing at a faster pace in January, the Philippine Statistics Authority (PSA) reported on Wednesday. The general wholesale price index (GWPI) expanded by 7.0 percent, up from 6.7 percent in December. It was also significantly higher than the 4.6 percent recorded a year earlier. “The increase in the […]
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