MANILA, Philippines — An economist sees the peso slumping closer to 62 to $1 level by the end of the year amid the continued strengthening of the greenback as the hawkish US Federal Reserve delivers jumbo rate hikes to tame inflation. Jonathan Ravelas, managing director at eManagement for Business and Marketing Services, said in an […]
Read MoreThe Bank of Thailand is prepared to keep raising its policy rate if core inflation rises faster than predicted. The central bank’s Monetary Policy Committee (MPC) is mainly focused on core inflation because it could spark increases in inflation expectations, which will impede a smooth economic recovery, governor Sethaput Suthiwartnarueput said at a media briefing on […]
Read MoreVietnam estimates a trade surplus of 6.52 billion USD in the first nine months of this year. In the same period last year, the country posted a trade deficit of 3.44 billion USD. The General Statistics Office announced on September 29 that in the period, the country’s import-export value hit 558.5 billion USD, up 15.1% […]
Read MoreThe increasing use of digital technology and big data hold the key to fast-tracking post-Covid-19 economic recovery in Southeast Asia (SEA), including Cambodia, said an Asian Development Bank (ADB) report launched recently. The report titled ‘Harnessing the Potential of Big Data in Post-Pandemic Southeast Asia,’ found that public institutions that have embraced big data because […]
Read MoreSINGAPORE: Singapore unveiled a package of measures for the property market, including tightening the maximum loan quantum limits for housing loans in response to a rise in interest rates, and new steps to moderate demand. The tightening of maximum loan quantum limits would ensure “prudent borrowing” and “avoid future difficulties” in servicing home loans, Singapore’s […]
Read MoreChinese President Xi Jinping’s attendance at the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok could help Thailand secure 12 million international tourists this year, surpassing the government’s goal of 10 million, says Tourism and Sports Minister Phiphat Ratchakitprakan. Mr Phiphat said he believes 1.5 million Chinese travellers will visit Thailand in December if Mr Xi allows […]
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