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Thailand: BoT cuts shipment outlook as contraction lingers

The Bank of Thailand has become cautious in its export outlook, predicting the country’s payment-based outbound shipments will shrink in the first quarter after a year-on-year contraction in January exports.  The export contraction is expected to extend into February and persist through the first quarter, given external risks and a high-base effect, said Don Nakornthab, senior director […]

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Philippines: BSP pegs February inflation at 3.7-4.5%

MANILA, Philippines — Inflation likely eased for another month in February, as lower rice prices and a stronger peso cushion upward price pressures from higher local pump prices and power rates, the Bangko Sentral ng Pilipinas reported Thursday. In a statement, the BSP Department of Economic research pegged February inflation at 3.7-4.5 percent. If the […]

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Moody’s: Philippines fiscal metrics stable despite breaching deficit target

MANILA, Philippines — The underlying fiscal metrics of the Philippines remain stable even after the national government overshot its budget deficit ceiling last year, according to Moody’s Investors Service. “Although wider budget shortfalls typically reflect a credit-negative deterioration in other fiscal metrics, measures of the Philippine government’s indebtedness and debt affordability have remained stable or continued […]

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