Saturday , November 23 2024

Recent Posts

Stock market dives to below 1,000 points

Stock market dives to below 1,000 points

VN-Index plunged 4% Friday morning to around 975 points, with several blue chips hitting the floor. 431 tickers, or 91% of all stocks on the Ho Chi Minh Stock Exchange, was in the red at 11:20 a.m. The index was losing 43 points after falling 13 points in the last …

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Exchange rate depreciation hurts Vietnamese workers abroad

The sharp depreciation in the Japanese yen and Taiwanese dollar means Vietnamese workers in the two places are getting paid millions of dong (VND1 million= $40.2) a month less than they had expected. Hoang Quoc Thang has been unable to remit any money home due to the depreciation of the …

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Philippines inflation near 14-year high, more rate hikes seen

Philippines inflation near 14-year high, more rate hikes seen

Philippine inflation accelerated to its fastest pace in nearly 14 years October and the rate is likely to rise further, backing expectations the central bank will keep tightening monetary policy. The consumer price index climbed 7.7% in October from a year earlier, the fastest rise since December 2008, driven by …

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