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Thailand: Weak baht, food shipments aid exports

Despite 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 […]

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Moody’s upgrades Vietnam’s rating to Ba2

The 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 […]

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Cambodia: Kingdom’s external debt reaches $9.7B

The 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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