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Philippines: BSP warns of elevated inflation

The Bangko Sentral ng Pilipinas (BSP) warned on Thursday that consumer prices in the country could remain high in the short term due to supply-side concerns. “Inflation could remain elevated in the near term before decelerating to within the target range of 2.0 to 4.0 percent by the end of the year,” BSP Governor Benjamin Diokno noted […]

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Thailand: Pandemic dampens fuel consumption

The Covid-19 outbreak caused fuel consumption in Thailand to decline by 4.4% during the first eight months of 2021 to a daily average of 131 million litres, down from a daily average of 137 million litres during the corresponding period last year, says the Department of Energy Business. Demand in the country for the major […]

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S&P keeps Thailand’s BBB+ rating

The government has welcomed the decision by Standard & Poor (S&P) Global Ratings to maintain Thailand’s sovereign credit rating at BBB+ and rate the kingdom’s economy as having a stable outlook. Published on Monday, the positive credit rating and economic outlook were awarded to Thailand for its strong finance and foreign currency parameters, despite the […]

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Thailand: Market sentiment still bullish

Investor confidence in stocks remains bullish, supported by the improving pandemic situation, accelerated vaccine distribution, and better prospects for the local economic recovery. The wave of Covid-19 spreading within the country, the upcoming cut of the policy interest rate by the Bank of Thailand’s Monetary Policy Committee, and uncertainty surrounding the Federal Reserve’s direction in […]

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