MANILA, Philippines — The Philippines is vulnerable to the full-blown trade war between the US and China as well as the ongoing global currency war, according to S&P Global Ratings. S&P director Andrew Wood, in a live webcast said the heightened trade tension between Washington and Beijing could complicate things in emerging markets, including the […]
Read MoreThe private sector has applauded the government’s decision to cut the number of public holidays. The move will boost the supply chain as Cambodia has the potential for labour-intensive work, especially in the garment sector, they said. According to a sub-decree on the public holiday calendar for 2020 signed by Prime Minister Hun Sen on […]
Read MoreCentral banks in emerging Asia are poised to cut interest rates as they bolster their economies against a wave of global threats. India and the Philippines are expected to cut rates by 25 basis points this week. Thailand, which is likely to keep borrowing costs unchanged on Wednesday, may signal its willingness to ease going […]
Read MoreVietnam posted a trade surplus of $1.8 billion in the first seven months of the year, much lower than the $2.6 billion trade surplus seen in the same period last year, the latest report from the General Statistics Office (GSO) revealed. The positive figure was partly thanks to the export turnover of the domestic sector […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas may cut interest rates by at least 50 basis points more this year as telegraphed by Bangko Sentral ng Pilipinas Governor Benjamin Diokno due to easing inflation, according to debt watchers and economists of investment banks. Andrew Wood, director at S&P Global ratings, said in a live […]
Read MoreChina weakened the yuan on Monday, sparking fears of further escalation in the Sino-US trade war and leaving Thai firms worried that they would suffer further before an agreement is reached. Thai exporters fear that China’s action may escalate the US-China trade war into a currency war and lead all countries into monetary easing to […]
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