The Bank of Thailand (BoT) will raise interest rates gradually to curb inflation risks and ensure a smooth recovery as the economy is expected to return to pre-coronavirus-pandemic levels late this year or early next year, BoT governor Sethaput Suthiwartnarueput said. The Thai economy is expected to grow about 3% this year and 4% next year, […]
Read MoreThe Cambodian government had a total public debt stock of $9.7 billion as of June 2022, according to the Cambodia Public Debt Statistical Bulletin published on Wednesday. The public external debt comprised 68 percent from bilateral developing partners (DPs) and 32 percent from multilateral DPs, said the bulletin released by the Ministry of Economy and […]
Read MoreDespite slower export growth in July, Thai shippers remain bullish that overall exports could rise by between 6-8% this year, helped by a weak baht and increased food shipments. However, Chaichan Charoensuk, chairman of the Thai National Shippers’ Council, said high global inflation, energy prices, freight rates and price volatility, as well as shortages of raw […]
Read MoreThe upgrade to Ba2 reflects Vietnam’s growing economic strengths relative to peers and greater resilience to external macroeconomic shocks. Moody’s Investors Service on September 6 upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive. The upgrade to Ba2 reflects Vietnam’s growing […]
Read MoreMANILA, Philippines — The Foundation for Economic Freedom (FEF) is pushing for the opening of the rice and corn sectors to full foreign ownership to boost the supply of the staples. “We, the FEF, call on the 19th Congress to build on its momentum to attract more capital into the country by removing foreign investment […]
Read MoreThe Cambodian government signed concessional loan agreements for $9.7 billion with bilateral and multilateral partners from 1993 to June 2022, according to the Cambodia Public Debt Statistical Bulletin released recently. The bulletin, released by the Ministry of Economy and Finance, said Cambodia signed to borrow $4,043 million from China, $471 million from France, $971 million […]
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