The policy paths of the world’s major central banks are diverging sharply, creating crosswinds for investors, as the Omicron variant of Covid-19 clouds an already uneven global recovery and risks aggravating red-hot inflation. Policy makers at three influential central banks — the Federal Reserve, the European Central Bank and the Bank of England — meet […]
Read MoreCambodia’s garment sector increased fabric imports by more than 25 percent to $3.5 billion in the first nine months of the year compared with the same period in 2020, according to the World Bank. The rise was due to growing orders and rising exports of garments and travel products, said Kaing Monika, Deputy Secretary General […]
Read MoreHCM CITY — Businesses in HCM City are preparing a wide range of essential goods commonly consumed during the upcoming Tết (Lunar New Year) holiday to ensure sufficient supply and stable prices. Large retailers have worked with manufacturers and suppliers to stock two or three times the amount of goods compared to other months, particularly pork and other fresh meat, eggs, fruits, vegetables and processed food. […]
Read MoreTHE Asian Development Bank (ADB) on Tuesday raised its 2021 and 2022 Philippine growth forecasts, citing the country’s ramped-up vaccination program and declining Covid-19 cases. In an update to its 2021 Asian Development Outlook, the Manila-based multilateral said Philippine gross domestic product (GDP) growth would likely hit 5.1 percent this year, up from 4.5 percent previously. The projection is […]
Read MoreThe cabinet on Tuesday approved the central bank’s headline inflation target at 1%-3% for next year, unchanged from this year, which is appropriate for the economy amid a coronavirus outbreak, a government official said. The target is flexible for implementing monetary policy to cope with any inflation volatility in future, deputy government spokeswoman Rachada Dhnadirek […]
Read MoreThe baht opened at 33.39 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 33.35 and 33.45 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the market is in a risk-off state which will cause the dollar […]
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