JAKARTA: Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate and more interest rate increases are likely amid expectation of a fuel price hike. President Joko Widodo has been considering raising subsidised fuel prices to curb ballooning energy subsidies amid high […]
Read MorePRIVATE-SECTOR economists have again dialed down their expectations for the Singapore economy, according to a quarterly survey of professional forecasters by the Republic’s central bank on Thursday (Sep 1). They are now expecting full-year gross domestic product (GDP) to grow 3.5 per cent, slightly worse than the 3.8 per cent projection they made in June. The […]
Read MoreThe baht opened at 36.65 to the US dollar on Thursday, weakening from Wednesday’s close of 36.47. The currency is expected to move between 36.50 and 36.75 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht could continue to weaken as it had swept past its resistance level of 36.50 […]
Read MoreTHAILAND, called the ‘Land of Smiles’, is rolling out the red carpet for foreign workers, joining a bevvy of countries looking to use the immigration route to boost their economies. Top professionals, eligible high net-worth individuals and retirees can start applying online from Thursday (Sep 1) to stay for as long as 10 years in […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s Finance Minister Sri Mulyani Indrawati said there was potential for a decline in the projected economic growth in 2023, which was initially pegged at 5.3 percent. Sri said this during a meeting with Commission XI of the House of Representatives on Wednesday, August 31. “If we look at it carefully, in 2023 there is […]
Read MoreExports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand’s economy continues to see signs of recovery, says a Bank of Thailand executive. According to the central bank’s report on domestic economic conditions in July, the value of merchandise exports, excluding gold and after seasonal […]
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