MANILA, Philippines — The overall increase in prices of key consumer items likely accelerated at a faster pace in June driven by higher food prices, the Department of Finance said Tuesday. In an economic bulletin, the DOF said inflation might have inched up to 4.9 percent in June. Actual May inflation rate spiked to a five-year […]
Read MoreThe Commerce Ministry has revised the national inflation rate to 0.8-1.6% this year from 0.7-1.7% after headline prices rose for a 12th straight month in June. The ministry’s revised forecast assumed a Dubai crude oil price in a range of US$60-70 per barrel, Thai economic growth of 4.2-4.7%, an exchange rate of 32-34 baht to […]
Read MoreThe Hanoitimes – High economic growth and market reforms have helped Vietnam become an attractive destination for big foreign investment funds. Warburg Pincus some months ago announced its intention to invest more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) IPO, in what it said was the largest ever private equity investment […]
Read MoreIT TOOK 15 quarters of market corrections to bring private residential prices down by 11.6 per cent in the second quarter of 2017, but it may take only five to six quarters of market recovery to bring prices back up if the current momentum holds. Analysts are expecting a new peak in private home prices […]
Read MoreJAKARTA: Indonesia’s central bank is showing its willingness to sacrifice economic growth for currency stability in its latest aggressive move on interest rates. Bank Indonesia surprised economists with a bigger-than-forecast 50 basis-point hike last Friday, on top of two rate increases in May aimed at halting a currency rout. That takes the benchmark rate to […]
Read MoreMANILA, Philippines — The inter-agency Development Budget Coordination Committee (DBCC) disclosed a new set of economic assumptions for this year and next year to reflect the aggressive spending strategy of the government and the upward trend in consumer prices. However, despite the change in some of the macroeconomic forecasts, economic managers still maintain the country’s […]
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Thailand
