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Thailand: Hike in BoT policy rate likely

HSBC Global Research expects the Bank of Thailand (BoT) to hike its policy rate by 25 basis points (bp) at the upcoming meeting on December, 19 after holding it unchanged for more than three years.  At the meeting on 14 November, three members voted for a 25bp hike. Only one more vote is needed to […]

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Indonesia books $2.05 billion trade deficit in November

Indonesia’s trade deficit reached US$2.05 billion in November, Statistics Indonesia (BPS) announced on Monday. The figure is higher than the $2.03 billion recorded in July, which was then the highest deficit in the last five years. The increase was triggered by a $1.46 billion monthly deficit in oil and gas trade despite declining oil prices, both […]

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Thailand: Bridging the gaping wealth chasm

Although the military-led government has rolled out a raft of stimulus and relief measures to shore up the grassroots economy, spending and indebtedness among the underprivileged are still rampant.  Adding to the poor’s predicament is Thailand’s social inequality, which continues to worsen. Credit Suisse’s 2018 Global Wealth Databook reported growing social inequality here, with 1% or about […]

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