The peso’s recent movements are consistent with monetary policies aimed at fostering sustained economic growth, the Bangko Sentral ng Pilipinas (BSP) said. “Pursuing a flexible and adaptive exchange rate policy enables the BSP to keep its interest rate policy settings squarely focused on achieving the inflation target while dampening consumption and supporting a more investment- […]
Read MoreHCM CITY — Around 90 delegates from 21 APEC member economies met at a workshop on Monday to discuss ways to enhance regulatory expertise as it relates to WTO’s agreement on Technical Barriers to Trade (TBT). The workshop was held within the framework of the third Senior Officials Meeting (SOM 3) and related meeting being held in the city. Speaking at the workshop, Nguyen […]
Read MoreThe country is receiving its first ever budget support from the World Bank. The World Bank and the Myanmar government signed a US$200 million credit for a First Macroeconomic Stability and Fiscal Resilience Development Policy Operation on August 18, according to a press release from the World Bank dated August 18. The press release added […]
Read MoreMANILA, Philippines – The country’s retailers are now feeling the pinch of heightened competition from the once ignored, but now rapidly growing online shopping business, industry players told The Star. Samie Lim, chairman emeritus of the Philippine Retailers Association (PRA), said many of their members are losing some customers to online shopping, which has become a […]
Read MoreMyanmar has until December 31, 2018, about 16 months, to join the ASEAN Economic Community (AEC), which aims to create a single market and production base with a free flow of goods, services, labour and capital across its member states. The AEC has so far achieved some success in eliminating tariffs and facilitating trade, streamlining […]
Read MoreOrganic laws concerning the new excise tax rates, which will apply to all products subject to excise duties except for alcohol and cigarettes, will top the cabinet’s agenda this week. The cabinet will seek to approve new duties for alcohol and cigarettes shortly before the new excise tax regime comes into force on Sept 16. […]
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Thailand
