MANILA, Philippines — DBS Bank Ltd. of Singapore said inflation last month likely stayed above six percent as price pressures were stoked by the combination of increases in public utility jeepney minimum fare, food and core prices as well as currency weakness. In its latest Macro Insights Weekly report titled “As Growth Slows, Will Inflation […]
Read MoreThe General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. The report was released in a meeting to review work achievements in the first semester and set new objectives for the second semester, held on […]
Read MoreHanoi remains at the top of the list of cities with the highest living expenses, followed by Quang Ninh, HCM City, Da Nang and Hai Phong. Cost of living also rose in Bac Kan and Khanh Hoa. The Spatial Cost of Living Index (SCOLI) in the General Statistics Office’s (GSO) 2021 statistical yearbook released on […]
Read MoreFitch announced the downgrade on its website yesterday, saying that Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) had moved downward from ‘CCC’ to ‘CCC-.’ According to Fitch, the downgrade of Laos’ Long-Term Foreign-Currency IDR reflects a further rise in external liquidity risks, driven most recently by the spike in commodity prices and tightening global financing conditions. Laos’ […]
Read MoreKasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. Aiming to invest more than 2.7 billion baht to fortify its service network within AEC+3 (Asean plus Japan, China, and South Korea), KBank has announced its commitment to broaden its presence in the Vietnamese market in […]
Read MoreDespite fully reopening in July, the employment rate in the hotel sector stands at just 71% of the pre-pandemic level with 68% of hotels hit by a labour shortage, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, THA president, said 67% of hotels had to keep their wage rates static as revenue in […]
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