MANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep the benchmark interest rate steady at an all-time low of two percent despite the upward pressure on commodity prices. ING Bank Manila senior economist Nicholas Mapa said monetary authorities may look past the continued breach in the BSP’s two to four percent […]
Read MoreThe baht opened at 33.32 to the US dollar on Monday, weakening from last week’s closing rate of 33.25. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.00 and 33.50 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was still pressured by […]
Read MoreWe forecast real household spending in Thailand to post growth of 0.2% year-on-year in 2021, following a contraction estimated at 11.8% last year as a result of the Covid-19 pandemic and related lockdown measures. Total household spending (in real terms) will reach 7.6 trillion baht this year — still 11.6% lower than the pre-pandemic figure […]
Read MoreJAKARTA, Sept 17 (Reuters) – Indonesia’s central bank is expected to keep its key interest rate steady next week as the economy gradually reopens after a recent devastating COVID-19 wave, while a record high trade surplus should provide underlying support to the local currency. All 25 analysts surveyed by Reuters expected Bank Indonesia (BI) to […]
Read MoreThe first plane carrying tourists in more than four months touched down on the Malaysian island of Langkawi on Thursday and was greeted by a twin water cannon “salute”, in the launch of a programme to revive a travel sector frozen by the pandemic. The first batch of 159 travellers from the capital, Kuala Lumpur, […]
Read MoreKEY Singapore exports grew for the ninth straight month in August – but came in well under analysts’ forecasts, as non-electronics shipments shrank year on year. Non-oil domestic exports (NODX) increased by 2.7 per cent for the month, in a slowdown from July’s 12.7 per cent gains. The latest showing on Friday also missed private-sector […]
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