Analysts downgraded their forecasts for Thailand’s 2020 growth in early February, with the novel coronavirus expected to take a toll on the country’s tourism industry during the first quarter. In a Feb 3 report, Citi economist Nalin Chutchotitham revised her 2020 forecast to 2.2 per cent, down from 3 per cent previously. Her 2019 forecast […]
Read MoreMANILA, Philippines — Consumer price growth quickened in January on the back of higher food prices during the month, the Philippine Statistics Authority reported Wednesday. Inflation last month stood at 2.9%, faster than December’s 2.5% but softer than 4.4% recorded in January 2019. “The heavily-weighted food and non-alcoholic beverages index, which registered an annual increment […]
Read MoreALTHOUGH Singapore’s monetary policy stance remains unchanged, there is room within the policy band to accommodate another easing, if economic conditions weaken from the coronavirus spread. This is according to the Monetary Authority of Singapore (MAS), which issued a statement on Wednesday in response to media queries. Last October, MAS had reduced slightly the rate of […]
Read MoreKUALA LUMPUR: Malaysia’s overall trade for 2019 came in lower than its RM2 trillion target following a 2.5% contraction to RM1.84 trillion. This was on the back of a softer global demand amid trade tensions and unfavourable external economic conditions. In terms of trade surplus however, the figure rose 11% to RM137.39bil, the largest figure […]
Read MoreWe now see downside risks to Thailand’s growth outlook in 2020, given the impact from the coronavirus outbreak on the tourism industry and broader economic sentiment. Our core view is Thai economic growth would rebound to 3.0% this year, following an estimated 2.5% expansion in 2019. This was based on an expectation for supportive fiscal […]
Read MoreMANILA, Philippines — Juul Labs Philippines has sought the assistance of the Department of Finance (DOF) in clarifying President Duterte’s ban on the importation of electronic cigarettes, noting that the passage of new sin tax laws should have legitimized these products in the country. Quoting a letter sent to Finance Secretary Carlos Dominguez, the DOF […]
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Thailand
