Vietnam’s central bank unexpectedly raised interest rates by another 1 percentage point for a second straight month to help ease pressure on a currency that has slumped to a record low. The refinance rate will rise to 6% while the discount rate will increase to 4.5%, starting Oct 25, the State Bank of Vietnam said […]
Read MoreThe Tourism Authority of Thailand (TAT) is expected to look elsewhere for stimulus after the prime minister asked the cabinet last week to prepare new mechanisms to accelerate year-end spending. The agency had been pushing for a tourism stimulus plan totalling 1 billion baht, proposed in June, financed by a budget from the 500-billion-baht loan decree. […]
Read MoreSINGAPORE’s core inflation rose further to 5.3 per cent in September but headline inflation held steady at 7.5 per cent, both in line with economists’ expectations, according to Department of Statistics consumer price index (CPI) data on Tuesday (Oct 25). The pickup in core inflation was on account of larger price increases for items such […]
Read MoreKUALA LUMPUR: Malaysia’s leading index (LI) rose 4 per cent year-on-year (y-o-y) to 111.3 points in August 2022, indicating that the economic growth momentum will continue moving forward, according to the Department of Statistics Malaysia (DOSM). The LI, at 107.0 points in August 2021, is a predictive tool used to anticipate economic upturns and downturns […]
Read MoreJAKARTA (XINHUA) – Indonesia has recorded a total of IDR169 trillion (about USD10.85 billion) of foreign direct investment (FDI) in the third quarter (Q3) of 2022. The FDI realisation growth in the third quarter reached 63.6 per cent on a yearly basis, Investment Minister Bahlil Lahadalia said at a press conference. China, Singapore, Japan, and […]
Read MoreThere was a 36.6-per-cent increase in total merchandise trade from BND2,200.2 million in July 2021 to BND3,0004.7 million in July 2022.However, a decrease of 7.4 per cent was recorded compared to June 2022, said the Department of Economic Planning and Statistics, Ministry of Finance and Economy (MoFE) yesterday. It continued that total exports increased by […]
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