The baht extended losses on Friday after the country’s central bank said inflation was under control and that future rate hikes would be strictly data-driven, bucking a firmer trend among regional currencies. The baht fell 0.4% after Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said inflation would peak in the third quarter before returning to […]
Read MoreKUALA LUMPUR: The country registered a consumer price increase of 3.4% year-on-year (y-o-y) to 127.4 in June as food prices continued to rise at an accelerated rate. In a statement today, chief statistician of the National Statistics Departments Datuk Sri Mohd Uzir Mahidin said the food index rose 6.1%, its highest in over a decade. […]
Read MoreCambodia’s economy is projected to grow by 5.3 percent this year, up from 3 percent in 2021, Chea Chanto, governor of the National Bank of Cambodia (NBC), said on Thursday. “The growth will be supported mainly by a rise in manufacturing exports, an increase in construction and real estate as well as agriculture, and a […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) continues to push for multilateral cross-border payments connectivity in the region as countries recover from the impact of the pandemic. BSP Governor Felipe Medalla highlighted the importance of increasing public investment on IT infrastructure and involving private players in making the goal of multilateral cross-border payments connectivity […]
Read MoreThe Bank of Thailand (BoT) will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, BoT governor Sethaput Suthiwartnarueput told a news conference on Friday. The central bank is expected to raise its key interest rate from a record low of 0.50% at its next meeting […]
Read MoreThe Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption. “Vietnam’s stellar Q2 GDP growth has prompted us to lift our 2022 GDP growth forecast from 6.5 per cent […]
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