MANILA, Philippines — The peso managed to stay below the 50 to $1 level despite shedding 10 centavos as the Bangko Sentral ng Pilipinas (BSP) continues to intervene in the foreign exchange market to smoothen the volatility of the local currency. The peso closed at 49.90 to $1 yesterday, weaker than last Friday’s 49.80 to […]
Read MoreThe government aims to boost homeownership in Indonesia through its public housing savings program (Tapera), which requires employers and workers to contribute to a mortgage loan scheme similar to universal healthcare insurance. However, some employers and workers have said the program will be an added burden. Public Works and Housing Ministry Infrastructure Financing Director General […]
Read MoreThe baht’s appreciation is not expected to be as profound as last year’s surge because a lower current account surplus is projected thanks to slower growth in exports and tourism, says Asia Plus Securities (ASP). The local currency’s value against the greenback strengthened from 33 in early April to 31.44 yesterday as of press time. […]
Read MoreKUALA LUMPUR (Bernama) – Malaysia’s economy can be expected to be on the recovery path starting from the end of this year and return to growth into 2021, said The World Bank. Its country manager for Malaysia Dr Firas Raad said the country needed to continue with its encouraging and effective public health measures while bringing […]
Read MoreThe Kingdom’s foreign exchange reserves are expected to decline by more than 10 percent this year given the country’s poor key foreign exchange earning sectors, with tourism and exports being hit hard by the virus outbreak, according to the World Bank. The bank said strong foreign direct investments (FDIs) inflows and the injection of local […]
Read MoreThe Consumer Price Index (CPI) in April 2020 increased by 1.9 per cent year-on-year compared to April 2019. Prices of Food and Non-Alcoholic Beverages and Non-Food increased by three per cent and 1.7 per cent respectively. According to the Department of Economic Planning and Statistics (DEPS) under the Ministry of Finance and Economy, the CPI […]
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Thailand
