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MANILA (Philippine Daily Inquirer/Asia News Network): The harder times wrought by the prolonged Covid-19 pandemic have forced more households — including those receiving cash remittances from overseas Filipino workers (OFWs) — to save instead of splurge, resulting in slower economic recovery due to weak domestic consumption, UK-based think tank Pantheon Macroeconomics said.
Stock markets in the Philippines, Thailand and Singapore tumbles as policy meetings in central banks set to take centrestage
Regional stock markets fell sharply in holiday-thinned trading, taking cues from broader Asian equities on Monday, with shares in the Philippines, Thailand and Singapore tumbling between 0.6% and 0.8%.
SINGAPORE: Malaysia's ringgit was set for its biggest intraday drop since July in holiday-thinned trading on Monday and led losses among regional currencies as the U.S. dollar held firm at the start of a week set to be dominated by central bank reports.
The Philippine central bank on Friday revised its current account surplus projection for this year to $3.5 billion, or 0.9% of the gross domestic product, down substantially from a June forecast of $10 billion, or 2.5% of GDP.
Minister of Energy Dato Seri Setia Dr Awang Mat Suny Mohd Hussein stressed on the importance of accelerating energy transition, during the Asean Energy Business Forum 2021 (AEBF 2021).
MANILA (Philippine Daily Inquirer/Asia News Network): The Philippines’ recovery from the deepest output contraction since World War II is being supported by sound fundamentals, which pave the way for a much stronger economy after the pandemic, according to the country’s chief monetary regulator.
Measures have been implemented to ensure no disruptions to the production of oil and gas amid worrying number of Covid-19 positive patients in the Champion-7 Cluster.
Emerging markets - Philippines August inflation at 4.9%, beats expectations, as most Asia stocks inch up after China data
Philippine stocks added 0.5% on Tuesday to hit their highest since mid-July. Government data showed the country's annual inflation in August accelerated to its highest since December 2018.
BANGKOK: The Thai baht and the Philippine peso have lagged all their South-East Asian peers this year. This may continue as inflation readings could reinforce their central banks as two of the biggest doves in the region.
BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): Multiple agencies responded to a blaze which broke out at the CIC Environmental Services Sdn Bhd (CIC) Plant at Los Tanjong in Kuala Belait, early Wednesday (Sept 1) morning, which injured one person.