Bangko Sentral ng Pilipinas (BSP) expects inflation to accelerate over the next few months but said that it would not make an upward adjustment to the inflation projection made earlier. As reported by Manila Times, BSP Deputy Governor Diwa Guinigundo said that the apex bank expect prices to increase due to the recent adjustment in minimum wages and rise in commodity prices. On May 28, the Wage Board approved a PHP 22 increase in the daily minimum wage for workers in the National Capital Region. On June 3, the baseline inflation forecast was revised to 4.7% for this year from the earlier estimate of 5.1%. |
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Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more