If the central bank wants to raise the policy rate, it has to be confident the economy is in full recovery first, says Finance Minister Arkhom Termpittayapaisith. He made the remark at the seminar “2022 Next Economic Chapter: New Challenges and Opportunities” on Wednesday hosted by Krungthai Bank (KTB). This year the US Federal Reserve […]
Read MoreMANILA, Philippines — Rising tensions between Russia and Ukraine would not make a huge dent on credit ratings in Asia-Pacific, including the Philippines, although its indirect impact on commodity prices and market disruption should be cause for worry, Moody’s Investors Service said. Michael Taylor, managing director at Moody’s, said the Asia-Pacific region has limited direct […]
Read MoreA rebound in domestic consumption demand and surge in exports are expected to be drivers for Viet Nam’s economic growth in 2022. Many international organisations have been upbeat about the recovery of the Vietnamese economy. Among them, Fitch Ratings gave the most optimistic view as it expected the country’s economy to grow by 7.9 per […]
Read MoreCambodia and Malaysia are looking forward to enhancing the cooperation in trade and economic ties. Prime Minister of Malaysia Datuk Seri Ismail Sabri Yaakob, who is in capital on a two-day official visit, is scheduled to have a royal audience with Cambodian King Norodom Sihamoni as well as meet Prime Minister Hun Sen. The high-profile […]
Read MorePETALING JAYA: Supply-side constraints especially from the chip sector have impeded the growth of the automotive industry. Statistics released by the Malaysian Automotive Association (MAA) showed that ongoing computer chip shortage and the disruption of the supply chain due to the December floods had affected total industry volume (TIV) numbers in January 2022. Proton appeared […]
Read MoreDespite growth prospects, the Thai economy still has to brave a spate of risk factors such as high inflation, soaring energy prices, persistent Covid-19 outbreaks and relatively hefty household debt, says Deputy Prime Minister Supattanapong Punmeechaow. According to Mr Supattanapong, rising inflationary pressure driven by recovering global demand and the escalating conflict in Europe may […]
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