KUALA LUMPUR, Sept 1 — Senior Minister Datuk Seri Ismail Sabri today announced that long-term pass holders from India, Indonesia and the Philippines will not be allowed into Malaysia due to a spike in Covid-19 cases in those countries. He said the new restrictions will come into force Sept 7 and apply to permanent residents, […]
Read MoreMANILA, Philippines — Favorable investor sentiment over the country’s sound macroeconomic fundamentals is expected to provide support to the peso, which appreciated to its strongest level in nearly four years, despite weaker inflows due to the pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Dioko said the local currency should continue to […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is requesting the Department of Agriculture (DA) to lift the ban on imports of poultry meat from Brazil to avoid a possible shortage and increase in prices of processed meat products, including canned meat. Trade Secretary Ramon Lopez said during the Laging Handa briefing that […]
Read MoreMANILA, Philippines — British banking giant HSBC warns of a possible double-dip consumer recession in the Philippines after Metro Manila and nearby provinces reverted to a stricter modified enhanced community quarantine (MECQ) as coronavirus disease 2019 or COVID-19 cases soared in August. In its latest ASEAN perspective, HSBC chief economist Joseph Incalcaterra said prospects for […]
Read MoreMANILA, Philippines — Economists expect inflation to rise in August as the reopening of the economy after the lifting of the stricter modified enhanced community quarantine for Metro Manila and nearby provinces quickened the increase in prices. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation likely accelerated to a 14-month […]
Read MoreDespite the continuing rise of COVID-19 cases and the weakening economy, the Philippine peso remains strong. In fact, its performance is a standout in Asia. The peso closed at 48.485 against the US dollar last Friday, its strongest level in three in half years. It has gained 4.3 percent year-to-date, significantly outperforming other currencies in […]
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