The Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday. Keeping inflation under control is key but there is no need for aggressive, heroically large rate hikes, BoT governor Sethaput Suthiwartnarueput told a Thailand Focus 2022 business forum. Earlier this month, the […]
Read MoreTwo delectable dishes from Laos have made CNN’s list of the 50 best street foods in Asia. Ping Khao (or Khao jee) and Naem Khao, two street food dishes, have been selected by Cable News Network Travel as among 50 of the best street foods in Asia. Khao Jee is grilled sticky rice on a stick, with the […]
Read MoreMyanmar merchants who trade goods across the border with China say their country’s kyat has depreciated so much relative to the Chinese yuan that they are no longer able to stay in business. The traders typically export agricultural and fisheries products to China and import Chinese consumer and industrial goods and food products to Myanmar. […]
Read MoreIndonesia’s central bank hiked its key interest rate Tuesday for the first time in nearly four years to combat rising inflation stoked by the Covid-19 pandemic and war in Ukraine. Bank Indonesia raised the policy rate to 3.75 from 3.5 percent, a move that went against the majority of analysts’ predictions. Its two other main […]
Read MorePHNOM PENH, Aug. 24 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which both took effect earlier this year, have significantly contributed to boosting Cambodia’s economic recovery, a senior official has said. Bun Chanthy, undersecretary of state at Cambodia’s Ministry of Commerce (MoC), made the remarks on Monday […]
Read MoreAmid global inflation, the super-rich are still pouring money into luxury real estate. In some Asian markets, for example, Singapore, house prices rose 4.1% in the first half of 2021 as Asian tycoons looked for a safe haven. The future of Asian cities In 2020, when The River Thu Thiem project (HCM City) opened for […]
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