BANGKOK: Thailand’s headline inflation rate slowed in July for the first time this year, helped by government support measures, but the pace was still near a 14-year high, reinforcing a view of an interest rate hike next week. The headline consumer price index (CPI) rose 7.61% in July, driven by high energy prices, commerce ministry […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore said inflation last month likely stayed above six percent as price pressures were stoked by the combination of increases in public utility jeepney minimum fare, food and core prices as well as currency weakness. In its latest Macro Insights Weekly report titled “As Growth Slows, Will Inflation […]
Read MoreThe General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. The report was released in a meeting to review work achievements in the first semester and set new objectives for the second semester, held on […]
Read MoreHanoi remains at the top of the list of cities with the highest living expenses, followed by Quang Ninh, HCM City, Da Nang and Hai Phong. Cost of living also rose in Bac Kan and Khanh Hoa. The Spatial Cost of Living Index (SCOLI) in the General Statistics Office’s (GSO) 2021 statistical yearbook released on […]
Read MoreFitch announced the downgrade on its website yesterday, saying that Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) had moved downward from ‘CCC’ to ‘CCC-.’ According to Fitch, the downgrade of Laos’ Long-Term Foreign-Currency IDR reflects a further rise in external liquidity risks, driven most recently by the spike in commodity prices and tightening global financing conditions. Laos’ […]
Read MoreKasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. Aiming to invest more than 2.7 billion baht to fortify its service network within AEC+3 (Asean plus Japan, China, and South Korea), KBank has announced its commitment to broaden its presence in the Vietnamese market in […]
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Thailand
