Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank’s October 2021 Vietnam Macro Monitoring. Vietnam’s GDP in the third quarter of 2021 decreased by 6.2 percent from the same period last year, the sharpest decline since Vietnam announced its quarterly GDP, the WB estimated. Given the […]
Read MoreThailand’s economy bottomed out in the third quarter of this year and will continue to recover though uncertainty remains high, showed minutes of the central bank’s last policy meeting released on Wednesday. On Sept 29, the Bank of Thailand’s Monetary Policy Committee unanimously voted to keep the benchmark interest rate at a record low of […]
Read MoreThursday is the big day for data on the region’s economic health with Singapore announcing advanced estimates of third-quarter gross domestic product (GDP) and China releasing some key inflation indicators. Australia announces it September jobless rate on the same day. Singapore’s economy grew by 1.3 percent in the September quarter, according to Moody’s Analytics. GDP […]
Read MoreCambodia will have the second-fastest growing economy in Southeast-Asia in five years, according to the International Monetary Fund. In its World Economic Outlook the IMF said the Kingdom’s gross domestic product (GDP) would expand 6.6 percent, second only to Vietnam with a forecast 6.9 percent growth. It said the Philippines economy would be the third […]
Read MoreMANILA, Philippines — The government plans to collect more than P76 billion in taxes from Philippine offshore gaming operators (POGOs) in 2022 and 2023 as they are expected to recover the losses incurred during the pandemic. In an interview with reporters, Finance Secretary Carlos Dominguez said the signing of Republic Act (RA) 11590, or An […]
Read MoreThe baht opened at 33.17 to the US dollar on Thursday, strengthening from the previous closing rate of 33.45. The Thai currency is likely to move between 33.10 and 33.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen as foreign investors are buying Thai stocks because […]
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