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MANILA: The Philippines’ economy is struggling to gain momentum as elevated numbers of Covid cases hamper reopening efforts and destroy jobs.
SHANGHAI: China's benchmark lending rate is widely expected to stay unchanged for the 13th straight month at its May fixing on Thursday, a Reuters survey showed.
RHB Economics Research is maintaining its 2021 GDP growth forecast at 5.4% YoY versus the -5.6% contraction last year, despite the full lockdown to be imposed as of June 1,2021.
ECONOMIC activities were picking up momentum, but all are hit by the recent surge in Covid-19 infections.
PETALING JAYA: The solid performance by most banks in the first quarter (Q1) of the year puts the banking sector on track for robust earnings growth over the next two years.
WASHINGTON: Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
JAKARTA: Bank Indonesia (BI) left its benchmark interest rate unchanged yesterday as a resurgence in Covid cases risks delaying recovery in South-East Asia’s largest economy.