THE Bank of Thailand (BOT) will raise interest rates by a modest quarter-point on Wednesday (Nov 30) for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found. The widely-expected move, which would take the benchmark rate to only 1.25 per cent, constitutes one […]
Read MoreMANILA, Philippines — The economy will likely grow by over seven percent this year, and be comparatively strong next year even as there are external and domestic challenges, the National Economic and Development Authority (NEDA) said. “After a likely over seven percent growth in 2022, yes, we may slow down, given still elevated external headwinds […]
Read MoreCambodia is expected to see a remarkable increase in its milled rice export due to the China market, a recovery in demand in the European Union, and the emergence of new markets. The Cambodian Rice Federation expects more rice exports in 2023 because of the recovery in the European markets and the emergence of new […]
Read MoreVietnam aims to become a higher average income country and a high income country by 2035 and 2045. However, to reach that goal, it will have to overcome challenges, especially institutional ones. According to the World Bank’s 2020 report, countries are classified into four groups: low-income economies (income per capita of less than $1,035), lower […]
Read MoreTHE call for Malaysia to increase the retirement age, due to its ageing population and high number of citizens with insufficient savings, has grown louder as the Covid-19 pandemic has further eroded their savings. There are also suggestions to offer fixed term contracts, incentives for higher contributions towards savings as well as to increase the […]
Read MoreExports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday. Exports, a key driver of Thai growth, dropped 4.4% in October from a year earlier, compared with a forecast rise of 6.0% year-on-year in a Reuters poll, and […]
Read More
Thailand
