As expected, BSP delivers back-to-back hikes MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday delivered back-to-back rate hikes, raising key policy rates by 25 basis points, to fend off rising inflationary pressures. Outgoing BSP Governor Benjamin Diokno said the central bank’s Monetary Board decided to raise the overnight reverse repurchase rate to 2.50 […]
Read MoreThe baht opened at 35.50 to the US dollar on Friday, unchanged from Thursday’s closing, and will move in the range of 35.40 and 35.60 on Friday, a strategist predicted soon after markets opened. Krungthai Bank market strategist Poon Panichpibool said the currency is likely to weaken and test its resistance level at 35.75 to […]
Read MoreThe number of travelers, especially in groups, has seen a boom as summer has arrived. However, travel firms are worried as airfares are high, and tour guides and passenger buses are lacking. Nguyen Cong Hoan, CEO of FlamingoRedtours, said the number of domestic travelers in the summer has increased by 3-4 times over the last […]
Read MoreThe government will provide fuel importers with a Letter of Credit worth US$200 million for the purchase of sufficient petrol to meet the nation’s needs, Deputy Prime Minister Dr Sonexay Siphandone told the National Assembly (NA) on Thursday. This amount could buy 200 million litres of fuel which would cover the demand for July and […]
Read MoreThe fiscal deficit of the Cambodian government widened to 5.3 percent of the Gross Domestic Product (GDP) in 2021, compared to 3.8 percent in 2020, mainly due to a fall in revenue collection, said the Fiscal Stability Report, released by the National Bank of Cambodia recently. The fiscal deficit prompted a drawdown of fiscal reserves […]
Read MoreKasikornbank (KBank) expects the baht to bottom out in the next two months, depending mainly on the US Federal Reserve’s benchmark interest rate hike. It also expects the Bank of Thailand to increase its benchmark interest rate two times this year. KBank assesses the Monetary Policy Committee (MPC) will increase its policy rate by a […]
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