DESPITE Indonesia’s recent announcement of a 30 per cent fuel price hike, UOB Kay Hian (UOBKH) believes the impact of the hike on purchasing power is likely to be minimal, according to data from Bank Indonesia’s Retail Sales Index (RSI). Noting that the South-east Asian country has had 4 price hikes in the last 20 […]
Read MoreInterbank interest rates rose to a 10-year high before dropping a little last weekend. The liquidity of the banking system was tighter last week when the interbank interest rate exceeded 7.5%, the highest level since 2012, SSI Securities Company (SSI) reported. The overnight interest rate in the trading session ending last week rose 40 basis […]
Read MoreKUALA LUMPUR: The Malaysian consumer sector is expected to remain resilient and grow, amid undemanding valuations. This is the view of UOB Kay Hian Research (UOBKH), which said in a report yesterday that fears of margin compression arising from high commodities prices and operating costs have eased. “Overall demand and sentiment appear intact. Furthermore, the […]
Read MoreMANILA, Philippines — Money sent home by Filipinos overseas grew at a slower pace in July, as better exchange rates as a result of a weak peso allows expats to reduce the dollars they send to their families. Cash remittances coursed through banks went up 2.3% year-on-year in July to $2.92 billion, the Bangko Sentral […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Airlangga Hartarto said the government is striving to meet the target of suppressing the national food inflation. The inflation rate was expected to be below 5 percent by the end of the year. “We are really facing the food inflation for the remaining four months,” said Airlangga at the 2022 […]
Read MoreAverage year-on-year inflation for the second half (H2) of 2022 will fall below five per cent, on the back of improvements in economic activity, as gross domestic product (GDP) grows around five per cent over the period, National Bank of Cambodia (NBC) governor Chea Chanto reiterated last week. The central bank boss confirmed these figures […]
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Thailand
