Vietnam’s positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investment inflows. Vietnam’s economic prospects would remain bright with the GDP growth expected to expand at 6.3% in 2022 and 6.5% in 2023. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit […]
Read MoreIn the last five years, the banking sector attracted more than $4 billion in foreign investment, which is equivalent to 21 percent of the total foreign investment in Cambodia, according to a report on the key achievements of the Cambodian government from 2017 to 2021. The foreign investment in the banking sector was $1.8 billion […]
Read MoreMANILA, Philippines — As widely expected, the Bangko Sentral ng Pilipinas (BSP) delivered its first rate hike in more than three years by raising policy rates by 25 basis points, bringing the benchmark rate to 2.25 percent from an all-time low of two percent. BSP Governor Benjamin Diokno, in a virtual press conference, said the […]
Read MoreThe Covid situation in China, which has some 40 cities under full or partial lockdown, bodes ill for the return of Chinese visitors to Thailand this year. As a result, the UK, India and Germany are the top source markets in 2022 and Thailand is being urged to focus more on domestic and high-spending tourists. “Before […]
Read MoreJAKARTA: Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The decision to lift the ban was taken despite the price of bulk cooking oil having not yet reached the targeted 14,000 rupiah per litre price, as […]
Read MoreThe baht opened at 34.42 to the US dollar on Friday, strengthening from Thursday’s close of 34.52. The Thai currency is expected to move in a range between 34.35 and 34.55 to the dollar on Friday, according to Krungthai Bank market strategist Poon Panichpibool. Poon said the baht rose due to a weakening dollar. But […]
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