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Thailand: Food shipments to grow 5%

Thai food exports are expected to grow by 5% this year after robust growth of 26% in the first quarter, driven by the Russia-Ukraine conflict and mounting concerns about food shortages in many countries. Visit Limlurcha, honorary president of the Thai Food Processors Association, said the war triggered growing concerns about food security in many […]

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Philippines: Forex buffer drops to $106.76 billion in April

MANILA, Philippines — The country’s foreign exchange buffer thinned slightly to $106.76 billion in end-April from the revised $107.31 billion in end-March, as the government spent more to pay its foreign obligations and fund its expenditures, according to the   Bangko Sentral ng Pilipinas (BSP). This was the country’s lowest gross international reserves (GIR) level in […]

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Thailand: Temper your expectations

On April 30, after the last inbound visitor went through the RT-PCR testing process at Phuket airport, it represented the culmination of a 10-month mission for the quarantine team at the terminal. Arrivals at Suvarnabhumi Airport on May 1, 2022, following the scrapping of the RT-PCR test requirement for vaccinated travellers. Wichan Charoenkiatpakul A new […]

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Philippines: More economists expect BSP to hike rates sooner

MANILA, Philippines — More economists believe the Philippines is set to join the interest rate hike bandwagon as pressure for monetary tightening continues to grow. In its Asia Macro weekly report titled “Rising Pressure to Jump on the Rate Hike Bandwagon,” ANZ Research economist Krystal Tan said rising domestic inflation is becoming difficult to ignore. […]

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