(Bloomberg) — Indonesia is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation. Bank Indonesia will keep its seven-day reverse repurchase rate at 3.5% on Tuesday, according to 24 of 31 […]
Read MoreThe increase in global interest rates has adversely affected many ADB developing member countries (DMCs) with heavy food import needs, such as Cambodia, Fiji, Georgia, Lao People’s Democratic Republic, Nepal, Philippines and Thailand, according to the Asian Development Bank report. It pointed out that the increase in global interest rates has led to capital flight […]
Read MoreAccording to the Vietnam National Administration of Tourism (VNAT), Vietnam continues to be among the top destinations with the fastest tourism growth in the world, with a monthly increase of 50-70% from the beginning of 2022. Vietnam welcomed 954,000 international tourists in the first seven months of 2022, a nine-fold increase over the same period […]
Read More(Bloomberg) — Singapore’s key core inflation measure climbed to the highest level in almost 14 years last month, heaping pressure on monetary policy makers to do more to fight price gains. The core inflation gauge, which excludes private transport and accommodation, rose 4.8% in July from a year ago, according to a joint statement from […]
Read MoreThe Federation of Thai Industries (FTI) is calling on the government to extend its electricity subsidy measures for the public to also cover manufacturers, which are struggling to deal with an increasing financial burden amid high energy prices. Expensive electricity bills are threatening to put more pressure on production costs, which may eventually mean some entrepreneurs […]
Read MoreMANILA, Philippines — The research units of the Fitch and Moody’s groups expect the Bangko Sentral ng Pilipinas (BSP) to further raise interest rates this year to rein in inflation. Fitch Solutions Country Risk & Industry Research said more rate hikes are in the cards for the Philippines as inflation is likely to remain elevated […]
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Thailand
