MANILA, Philippines — The Philippines’ buffer funds slid down in May, due in part to the national government’s foreign currency withdrawals to pay back debts and declining value of gold. What’s new The Philippines’ gross international reserves amounted to $103.53 billion in May, down from $105.4 billion in April, the BSP reported Wednesday. The central […]
Read MoreForeign investor confidence in Thai shares remained strong last month as the Thai bourse recorded net inflows of more than 139 billion baht for the sixth consecutive month. Foreign investors believe the Thai economy will suffer less of an impact from any food shortages and the tourism industry should revive in the second half, said Stock […]
Read MoreThe consumer price index (CPI) in February increased by 3.2 per cent year-on-year compared to February 2021, according to a release from the Department of Economic Planning and Statistics (DEPS), Ministry of Finance and Economy. The rise in the CPI was in line with the increase in non-food and food and soft beverage prices by […]
Read MoreThe rate of inflation in Laos reached 12.8% in May, the highest point in 15 years. According to information provided by the Bank of Laos, inflation has now increased to a five-year high after reaching 10% in January 2016. Increases in the pricing of major commodities such as oil and other imported items are the […]
Read MoreJAKARTA, June 8 — About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country. Millions of consumers and small business owners in the world’s fourth most populous nation have been rattled for months by skyrocketing cooking […]
Read MoreSINGAPORE – Private-sector analysts have shaved their growth forecast for 2022, with the sharper-than-expected rise in inflation and slower economic activity in China among the downside risks for Singapore’s economy. Economic growth is predicted to come in at 3.8 per cent for the full year, according to a quarterly survey of professional forecasters released by […]
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Thailand
