MANILA, Philippines — The Philippines is pursuing seamless and low-cost cross-border payments with other member countries of the Association of Southeast Asian Nations (ASEAN), particularly Malaysia and Thailand. In a virtual forum, BSP assistant governor Edna Villa said the Philippines and Singapore signed an enhanced innovation function cooperation agreement last week, upgrading the first partnership […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will take into consideration the stronger-than-expected economic expansion in the third quarter and the robust growth of both imports and exports when it reviews targets for 2021 and 2022 next month. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank’s Monetary […]
Read MoreMANILA, Philippines — Sales of cars and trucks slid by 9.8 percent in October from a year ago, but the motor vehicle industry still expects to end the year with higher sales compared to 2020. Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) yesterday showed […]
Read MoreMANILA, Philippines — More economists are adjusting their growth forecasts for the Philippines this year mainly on account of the stronger-than-expected gross domestic product (GDP) performance in the third quarter. Jonathan Koh, economist for Asia at Standard Chartered Bank, said the bank has raised its GDP growth forecast for the Philippines to five percent from […]
Read MoreMANILA, Philippines — A perfect storm of hard lockdowns and elevated inflation tarnished JG Summit Holdings Inc.’s balance sheet in the third quarter, derailing the company’s delicate recovery from the coronavirus onslaught The Gokongwei-led conglomerate posted a net loss of P3.4 billion in the July-September period, a reversal from P844.1 million net income posted in […]
Read MoreMANILA, Philippines — Investment commitments in economic zones dropped by 14 percent from January to October as the pandemic continues to dampen investor sentiment, the Philippine Economic Zone Authority (PEZA) said. In a statement yesterday, the investment promotions agency said it approved P62.72 billion worth of investments for 215 projects as of end-October, down from […]
Read More
Thailand
