MANILA, 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 […]
Read MoreKUALA LUMPUR: Malaysia’s trade performance continued its upward momentum in April 2022 with total trade increasing 21.3 per cent year-on-year (y-o-y) to RM231.44 billion, marking the 15th consecutive month of double-digit growth. In a statement today, the Ministry of International Trade and Industry (MITI) said trade, exports, imports and trade surplus registered the highest monthly […]
Read MoreThailand has no need to raise interest rates following the United States Federal Reserve’s hikes as domestic factors and its economic recovery will be the key issues when deciding policy, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Thursday. The country’s external position remains strong and it has not had a problem of capital […]
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