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Thailand: August exports up 8.9% y/y, below forecast

Exports rose a smaller-than-expected 8.93% in August from a year earlier, Commerce Ministry data showed on Friday. That compares with a forecast rise of 13.5% in August in a Reuters poll and follows July’s 20.27% increase. Earlier this week, Commerce Minister Jurin Laksanawisit said coronavirus restrictions had affected manufacturing and logistics. Source: https://www.bangkokpost.com/business/2187099/august-exports-up-8-9-y-y-below-forecast

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Philippines: No surprise as BSP keeps rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday kept its benchmark rate at an all-time low of two percent for a seventh straight meeting to allow the momentum of economic recovery to gain more traction by helping boost domestic demand and market confidence. In a virtual press briefing, BSP Governor Benjamin Diokno said […]

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