MANILA, Philippines — Foreign direct investments expanded in April, due in part to the economy’s reopening back then but an analyst expects some slowdown as headwinds emerged in past months. What’s new Data from the Bangko Sentral ng Pilipinas released Monday revealed FDIs recorded a net inflow of $989 million in April, up 48.3% year-on-year. […]
Read MoreKUALA LUMPUR: Economists are cautious about the outlook of the economy in the second half of 2022, in light of enduring challenges such as the Russia-Ukraine war, soaring inflation, supply chain disruptions and the weaker ringgit. HELP University economist Paolo Casadio believes the prevailing global economic challenges and uncertainties will disrupt the recovery trajectory in […]
Read MoreThailand will only gradually increase interest rates to tackle rising inflation and ensure an uninterrupted economic recovery, while the central bank will let the baht move in line with market forces, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday. The economic recovery is slow but intact, helped by improved consumption, he told a central […]
Read MoreTEMPO.CO, Nusa Dua – Bank Indonesia Governor Perry Warjiyo stated that the digital economy has become the savior of the country’s economy during the lingering COVID-19 pandemic. “In the future, the digital economy will also be a pillar for Indonesia’s advance,” said Perry at the opening of the 2022 Indonesian Digital Economy Festival (FEKDI) in Nusa Dua, Bali, Monday, July […]
Read MoreMANILA, Philippines — Data and analytics company GlobalData has trimmed its forecast for Philippine economic growth this year, but the country is expected to be among the fastest growing economies in the Asia Pacific (APAC) region. In a statement, GlobalData said the Philippine economy is expected to expand by 6.7 percent this year. Earlier, GlobalData […]
Read MoreThe baht opened at 35.82 to the US dollar on Monday, strengthening from Friday’s close of 36.01. The Thai currency is expected to move between 35.75 and 35.90 against the greenback during the day and between 35.70 and 36.30 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon said the baht is likely to […]
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Thailand
