Economy

Philippine Central bank chief rules out off-cycle rate movePhilippine Central bank chief rules out off-cycle rate move

Philippine Central bank chief rules out off-cycle rate move

The head of the Philippine Central Bank has stated that there will not be another off-cycle interest rate adjustment. The…

July 26, 2022
Sri Lanka asks China for trade, investment, and tourist aidSri Lanka asks China for trade, investment, and tourist aid

Sri Lanka asks China for trade, investment, and tourist aid

Amidst negotiations for an emergency US$4 billion package to assist it to emerge from an economic collapse, Sri Lanka has…

July 26, 2022
Philippines’ Udenna pays debt to stem its network’s share declinePhilippines’ Udenna pays debt to stem its network’s share decline

Philippines’ Udenna pays debt to stem its network’s share decline

Udenna Corporation, a Philippine conglomerate owned by a close associate of the country's previous president, announced on Monday that a…

July 25, 2022
Malaysia warns of lower Q3 palm oil prices as Indonesia cuts export taxMalaysia warns of lower Q3 palm oil prices as Indonesia cuts export tax

Malaysia warns of lower Q3 palm oil prices as Indonesia cuts export tax

The Malaysian minister of commodities predicted on Monday, July 25th, that prices for crude palm oil would remain low for…

July 25, 2022
Inflation hits Philippines bakers, shrinking ‘poor man’s bread’Inflation hits Philippines bakers, shrinking ‘poor man’s bread’

Inflation hits Philippines bakers, shrinking ‘poor man’s bread’

Due to the rising cost of imported edible oil and the impact that the conflict in Ukraine has had on…

July 24, 2022
June aluminium imports in China dropped 36.3% year-over-yearJune aluminium imports in China dropped 36.3% year-over-year

June aluminium imports in China dropped 36.3% year-over-year

CHINA — According to government data released on Monday (Jul 18), China's aluminum imports decreased 36.3% in June from the…

July 18, 2022
Sri Lanka’s ex-president says he took all conceivable precautions to prevent crisisSri Lanka’s ex-president says he took all conceivable precautions to prevent crisis

Sri Lanka’s ex-president says he took all conceivable precautions to prevent crisis

SRI LANKA: As he departed the country to avoid a popular uprising against his government, Sri Lanka's ousted president declared…

July 17, 2022
China’s economy has slowed since 2020China’s economy has slowed since 2020

China’s economy has slowed since 2020

CHINA: After months of brutal Covid lockdowns, China's economy had its worst quarterly performance in more than two years. The…

July 16, 2022
Philippines central bank governor may or may not boost rates in augustPhilippines central bank governor may or may not boost rates in august

Philippines central bank governor may or may not boost rates in august

PHILIPPINES: Following an off-the-scheduled 75 basis point rate hike to battle inflation, the Philippine central bank's governor indicated on Friday…

July 15, 2022
US and Japan agrees to discuss economic impact of Ukraine warUS and Japan agrees to discuss economic impact of Ukraine war

US and Japan agrees to discuss economic impact of Ukraine war

UKRAINE: As a result of Russia's war in Ukraine, U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki…

July 12, 2022