Vietnam’s economy continued to expand in the second quarter of the year, with gross domestic product (GDP) growing 7.7% year on year, the highest quarterly growth rate in 11 years. Upbeat performance HSBC in its recent report, “Vietnam at a glance”, attributed the high growth rate to the tailwind of strong broad-based recovery across sectors. […]
Read MoreSINGAPOREANS’ expectations for headline inflation for the year ahead has fallen, down to 3.9 per cent from 4.1 per cent last quarter due to a dampened growth outlook, according this quarter’s Singapore Index of Inflation Expectations (SInDEx) results. While the uptrend headline inflation expectations have been dipping since September 2020, the current expectations still weighed above […]
Read MoreMALAYSIA’S central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures or contribute to a charitable fund, people with knowledge of the matter said, more than a decade after the requirement was introduced. Foreign insurers that do not comply with the ownership limit by the deadline […]
Read MoreMANILA, Philippines — The government raised its debt payments for the first time in six months in May to P57 billion, as it pushes on with its move to slash its obligations in line with fiscal consolidation. According to the Bureau of the Treasury, debt servicing increased by more than half to P57.44 billion in […]
Read MoreMyanmar’s central bank has ordered companies with up to 35% foreign ownership to convert foreign exchange into the local currency, state media reported on Monday, extending a rule aimed at relieving pressure on the kyat to include more businesses. In April, the central bank exempted foreign entities from the new policy after the rule had […]
Read MoreJAKARTA, July 15 (Reuters) – Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday. A Reuters poll had expected a $3.52 billion surplus for June, following […]
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Thailand
