Thailand’s economic recovery is likely intact and inflation should ease next year, the central bank chief said on Tuesday. Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput was speaking to a business seminar. The BoT has forecast economic growth of 3.3% for this year and 3.8% next year. Mr Sethaput reiterated that rate hikes would be gradual […]
Read MoreCNA – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed yesterday, clouding the region’s economic recovery prospects. Manufacturing activity shrank in Taiwan and Malaysia, and grew at a slower pace in September compared with August in Japan and […]
Read MoreMANILA, Philippines — The country’s manufacturing activity continued to grow in September, rising to a three-month peak, due to stronger demand. S&P Global Market Intelligence said in a report released yesterday that the Philippines’ manufacturing purchasing managers’ index (PMI) was at 52.9 in September, up from the 51.2 in August. The latest reading is the […]
Read MoreThe Asian Development Bank (ADB) said Brunei Darussalam’s economic growth forecast next year is 3.6 per cent, which is unchanged from their earlier projection in April on the assumption that crude oil prices will remain elevated in the medium term. In its latest economic outlook published recently, ADB said the Sultanate’s gross domestic product (GDP) […]
Read MorePETALING JAYA: One could not help but notice that Bank Negara governor repeatedly emphasised in her latest speech – three times to be exact – that the Malaysian economy is no longer in a crisis. Tan Sri Nor Shamsiah Mohd Yunus highlighted that the economic recovery is well underway, although she acknowledged that the future […]
Read MoreThailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool. Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand’s economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign […]
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