MANILA, Philippines — The Asian Development Bank (ADB) raised its inflation forecast for the Philippines this year, amid rising global energy and commodity prices. According to its Outlook 2022 report released yesterday, the ADB now expects inflation in the country to quicken to 5.3 percent this year, up from the 4.9 percent forecast it provided […]
Read MoreHANOI: Vietnam is not in a deal with Thailand to jointly raise rice prices, Le Minh Hoan, Vietnam’s Agriculture and Rural Development Minister Le Minh Hoan said on Thursday. The two Southeast Asian countries’ agriculture ministries “have only conducted general cooperation activities,” the agriculture minister said in a statement during a government meeting in Hanoi. The […]
Read MoreThe Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on Wednesday. Cambodia’s garments, travel goods, and footwear outputs remained robust, […]
Read MoreTWO South-east Asian central banks will likely add to the flurry of global tightening on Thursday (Sep 22), as policymakers in Indonesia and the Philippines seek to ease price and currency pressures. The majority of economists in a Bloomberg survey expect Bank Indonesia to raise its benchmark interest rate by 25 basis points to a […]
Read MorePETALING JAYA: Uncertainties in the global landscape might curb the upward momentum of Malaysia’s recent external trade performance, according to AmBank Research. External trade continued to show robust growth in August, as overall trade surged by 56.7%, thus bringing total trade to RM265.7bil. The strong trade data was supported by robust exports, which grew by […]
Read MoreThe Ministry of Public Works and Transport on Wednesday launched an initiative to improve transport, connectivity, climate resilience, and east-west regional trade across the north of the country. The Southeast Asia Regional Economic Corridor and Connectivity Project is backed by World Bank financing and is designed to help people in the northern provinces benefit from expanding regional […]
Read More
Thailand
