Laos recorded a trade deficit of USD 233 Million in September, according to the latest information from the Lao trade portal. The trade deficit has increased by USD 67 million since August, as Laos has been heavily relying on imports in significant areas like energy. During September Laos made imports worth USD 689 million and […]
Read MoreINDONESIA’S September trade surplus beat forecasts at US$4.99 billion, as exports and imports grew at a slower than expected pace, data from the statistics bureau showed on Monday (Oct 17). A Reuters poll had expected a US$4.84 billion surplus in September, compared with a US$5.76 billion surplus in the previous month. South-east Asia’s largest economy […]
Read MoreStandard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%. While the bank lowers its inflation forecast for this year to 3.3% from […]
Read MoreSINGAPOREANS’ headline inflation expectations for the year ahead hit an 11-year high, up to 4.6 per cent in a September poll from 3.9 per cent in June 2022, according to the latest quarterly results of the Singapore Index of Inflation Expectations (SInDex). The September figure is the highest recorded since December 2011, which also polled […]
Read MoreThailand’s economy will continue to recover this year and in 2023 and gradual interest rate hikes remain appropriate though the policy can be adjusted if the outlook shifts from forecasts, the Bank of Thailand said on Monday. Economic growth is projected at 3.3% this year and 3.8% next year, the BoT said in a statement for […]
Read MoreMANILA, Philippines — The Philippine economy is strong enough to absorb rate hikes aimed at curbing rising inflationary pressures and stabilizing the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla told participants of a roundtable discussion between key economic officials and US-based business and financial communities in Washington that a 25-basis-point […]
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