MANILA, Philippines — DBS Bank Ltd. of Singapore sees the Bangko Sentral ng Pilipinas (BSP) raising interest rates by at least 75 basis points more this year as it continues to combat rising inflation. In a commentary titled “Philippines: Firm on Fighting Inflation,” DBS economist Chua Han Teng said the Monetary Board would likely hike key […]
Read MoreThe branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts. Duong Thuy Dung, Senior Director of CBRE Vietnam, noted that the first branded residence projects were developed 20 years ago in association with hotel management brands and motivated […]
Read MoreEconomists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy. Kobsidthi Silpachai, head of capital markets research at Kasikornbank (KBank), predicts the baht will depreciate to a range of 36.50-38 against the greenback […]
Read MoreMANILA, Philippines — Business and consumer confidence fell in the third quarter on the back of elevated inflation, rising fuel prices, the weak peso as well as higher household expenses and lower income, according to the Bangko Sentral ng Pilipinas (BSP). In a virtual press conference, Redentor Paolo Alegre, senior director of the Department of […]
Read MoreVietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver. The World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, with an increasing number of economists now expecting it to exceed 8% this year. High-tech foreign investments […]
Read MoreRECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation. Despite the challenges, analysts think the Thai equity market will benefit from an improving economic outlook as the Covid threat recedes and tourism […]
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