Friday, September 21, 2018 - 16:52:23

foreign exchange

Philippines' external debt strongly drops

ASEAN

Philippines' external debt strongly drops

The Philippines' outstanding external debt stood at 72.2 billion USD by the end of June 2018, down by 997 million USD or 1.4 percent from the end of March 2018, the country’s central bank has announced.

VN currency suffers from US-China trade war

Business

VN currency suffers from US-China trade war

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.