The government on Monday lowered the annual inflation forecast to a range of 0.8-0.9% this year, the slowest growth in two years, from 0.7-1.3% in July, due to lower oil prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the latest forecast was based on oil prices averaging US$64 per barrel, the […]
Read MoreThe Energy and Mineral Resources Ministry has announced that Indonesia will stop nickel exports as of Jan. 1 next year to accelerate the establishment of domestic smelters while its nickel reserves are limited. According to coal and minerals director general Bambang Gatot Ariyono, Indonesia would need 81 million tons nickel ore supply per year as it currently has 11 working smelters […]
Read MoreThe risk-prevention function of gold has been in the global spotlight lately, with the price pushing past US$1,500 an ounce for the first time in six years on Aug 7 and holding there in recent days. As oil prices are often inversely related to gold prices, we are confident that gold will climb to $1,800, […]
Read MoreThe central bank is concerned about the rising household debts, Titanun Mallikamas, assistant Bank of Thailand governor responsible for monetary policy, said on September 2. His comment came after the National Economic and Social Development Council raised an alarm about rising household debts at a press conference the same day. Household debt nationwide stood at […]
Read MorePETALING JAYA: Amid the downside risk to growth, Malaysia is expected to lower interest rates in the fourth quarter of this year, according to Nomura Research. According to the research house, Malaysia and India are the only Asian countries that are unlikely to expand fiscal policy to boost domestic demand, but they will likely cut […]
Read MoreThe government last week urged companies from the Chinese provinces of Guangdong and Sichuan to consider investing in the Kingdom. Speaking during a business forum held at Sokha Hotel Phnom Penh, Sam Sereyroth, state secretary of the Commerce Ministry, said Cambodia is one of the most attractive investment destinations in the region. “We welcome all […]
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