The baht surged to its strongest level in almost three months on Friday after China eased some of its quarantine rules for travellers and speculation the United States Federal Reserve would be less aggressive with its rate hikes. The baht strengthened to 35.70 per US dollar on Friday, its highest level since Aug 22, according to […]
Read MoreMonetary policies made amid global uncertainties should be flexibly adopted, and their effectiveness greatly depends on the trust of people, enterprises and investors. The State Bank of Vietnam’s recent decisions to hike key interest rates, widen the trading band of the VND, and actively engage in open market operations have significantly contributed to ensuring macroeconomic […]
Read More(Bloomberg) — Economists see Indonesia’s central bank raising its benchmark interest rate faster and sooner than previously expected to make up for its late entry to the monetary tightening club. Bank Indonesia’s seven-day reverse repurchase rate is expected to be raised by a full percentage point by March from the current 4.75%, according to a […]
Read MoreMANILA, Philippines — Consumers are expected to continue enjoying low interest rates and charges on their credit card transactions at least during the Christmas holidays after the Bangko Sentral ng Pilipinas (BSP) decided to maintain the current cap until the end of the year. The central bank’s Monetary Board has decided to keep the interest […]
Read MoreCourier service Kerry Express (Thailand) Plc has reported improved performance in the third quarter, with quarter-on-quarter net losses falling by 8%. The firm posted continuous year-on-year volume growth of 5%, despite lacklustre macroeconomic conditions, inflationary pressure, lower consumer purchasing power and weaker sales in the e-commerce sector. Kerry Express chief executive Alex Ng said efforts to […]
Read MoreBut UK think tanks not so bullish for 2023 MANILA, Philippines — The Philippine economy is expected to grow by more than seven percent this year after roaring back in the third quarter despite soaring inflation and rising interest rates, economists said. DBS Bank Ltd. of Singapore raised its 2022 gross domestic product (GDP) growth […]
Read More
Thailand
