The 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 […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) projected the country’s economic growth to range between 4.5 and 5.3 percent in 2022. The central bank’s governor, Perry Warjiyo, said the forecast is in line with the ongoing domestic economic improvement, supported by increased mobility, sources of financing, and growing business activities. “With these developments, 2022’s economic growth is predicted to […]
Read MoreThe government has lifted its face mask mandate and advised vulnerable and infected people to still use masks for the sake of personal and public health. The decision was made due to the improving Covid-19 situation and intended to let people resume virtually normal lifestyles, according to the government announcement published in the Royal Gazette on Friday. […]
Read MoreKUALA LUMPUR, June 24 — The ringgit opened marginally higher against the US dollar today, ahead of Malaysia’s consumer price index (CPI) report for May 2022, scheduled to be released by the Department of Statistics (DoSM) today, said an analyst. At 9.00am, the local currency rose to 4.4020/4050 against the greenback from Wednesday’s close of […]
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