The government plans to borrow 2.23 trillion baht (US$60 billion) in the fiscal year starting Oct 1, about 3% less than its target this year, as the Southeast Asian nation rolls back Covid-related spending, according to people familiar with the matter. The debt-raising will include 793.6 billion baht of fresh borrowing to meet the fiscal […]
Read MoreThailand has been transporting more cargo to China by rail since the opening of the Laos-China railway. The shorter time required to carry products by rail has resulted in a rise in Thai exports to China. Thai PBS reports that Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) raised its inflation forecast for the Philippines this year, amid rising global energy and commodity prices. According to its Outlook 2022 report released yesterday, the ADB now expects inflation in the country to quicken to 5.3 percent this year, up from the 4.9 percent forecast it provided […]
Read MoreHANOI: Vietnam is not in a deal with Thailand to jointly raise rice prices, Le Minh Hoan, Vietnam’s Agriculture and Rural Development Minister Le Minh Hoan said on Thursday. The two Southeast Asian countries’ agriculture ministries “have only conducted general cooperation activities,” the agriculture minister said in a statement during a government meeting in Hanoi. The […]
Read MoreThe Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on Wednesday. Cambodia’s garments, travel goods, and footwear outputs remained robust, […]
Read MoreTWO South-east Asian central banks will likely add to the flurry of global tightening on Thursday (Sep 22), as policymakers in Indonesia and the Philippines seek to ease price and currency pressures. The majority of economists in a Bloomberg survey expect Bank Indonesia to raise its benchmark interest rate by 25 basis points to a […]
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