MONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday. The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas’ (BSP) policymaking […]
Read MoreFinance Minister Arkhom Termpittayapaisith is concerned that more than 16 million informal workers have yet to participate in any savings scheme to prepare for life during retirement, even though Thailand is expected to become an aged society in the next two years. He said that Thailand is now an ageing society as at least 10% of […]
Read MoreThe two-year pandemic changed Vietnamese shopping habits and boosted e-commerce. Online sales and livestream sales have attracted many consumers. Facebook posts attract tens of thousands of likes and shares, while many YouTube channels are seen by millions of subscribers. Instead of going directly to shops, consumers now just order products online, from valuable items to […]
Read MoreJAKARTA: Indonesia’s economic growth climbed to its strongest in nine years last year fuelled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast Asia’s largest economy gained from high global commodities prices in the aftermath of the Russia-Ukraine war that aided the […]
Read MoreMANILA, Philippines — Inflation likely eased below eight percent in January after accelerating for four consecutive months to hit a 14-year high of 8.1 percent, according to bank economists. ING Bank senior economist Nicholas Mapa said Philippine inflation might have dipped to 7.8 percent in January, but is expected to remain at elevated levels as […]
Read MoreThe export volume of Cambodia for the past year was valued at $22.44 billion, while import reached $25.46 billion. This is according to the statement of the General Department of Customs and Excise in a meeting to summarize the results of the Customs and Excise 2022 in Kep last weekend. Director-general of the General Department […]
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Thailand
