The Bank of Thailand (BoT) raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The BoT’s monetary policy committee voted unanimously to raise the one-day repurchase rate to 1.25% at its final […]
Read MoreThailand’s manufacturing production index (MPI) in October dropped 3.71% from a year earlier, due to weaker exports and refinery maintenance shutdowns, the Industry Ministry said on Wednesday. The figure compares with a forecast rise of 1.2% in factory output for October in a Reuters poll, and after September’s revised 3.34% rise year-on-year. Source: https://www.bangkokpost.com/business/2449732/thai-factory-output-unexpectedly-falls-3-71-y-y-in-oct
Read MoreKUALA LUMPUR: Malaysia’s producer price index (PPI) has eased slightly to 4.0 per cent in October 2022 as compared to 4.9 per cent in the preceding month, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin said the index for the month was attributed to a 7.3 per cent increase […]
Read MoreMANILA, Philippines — Higher power rates and costlier farm products due to weather disturbances likely added more fuel to inflation in November, putting more strain on Filipinos’ budgets. In a statement on Wednesday, the Bangko Sentral ng Pilipinas said it projects inflation to settle between 7.4-8.2% this month. If the upper-limit of the forecast range […]
Read MoreINDONESIA’S central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain pro-stability and that energy subsidies next year will allow Bank Indonesia (BI) to raise interest rates in a measured way. Warjiyo was speaking at BI’s annual gathering with bankers, government officials and other financial regulators. This year, BI has lifted interest […]
Read MoreThe country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam. The total value of imports and exports in the year to November, at US$ 673.8 billion, soared 11.8% year-on-year. During the period, […]
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