MANILA, Philippines — Business and consumer confidence fell in the third quarter on the back of elevated inflation, rising fuel prices, the weak peso as well as higher household expenses and lower income, according to the Bangko Sentral ng Pilipinas (BSP). In a virtual press conference, Redentor Paolo Alegre, senior director of the Department of […]
Read MoreVietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver. The World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, with an increasing number of economists now expecting it to exceed 8% this year. High-tech foreign investments […]
Read MoreRECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation. Despite the challenges, analysts think the Thai equity market will benefit from an improving economic outlook as the Covid threat recedes and tourism […]
Read MoreThe government plans to borrow 2.23 trillion baht (US$60 billion) in the fiscal year starting Oct 1, about 3% less than its target this year, as the Southeast Asian nation rolls back Covid-related spending, according to people familiar with the matter. The debt-raising will include 793.6 billion baht of fresh borrowing to meet the fiscal […]
Read MoreThailand has been transporting more cargo to China by rail since the opening of the Laos-China railway. The shorter time required to carry products by rail has resulted in a rise in Thai exports to China. Thai PBS reports that Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) raised its inflation forecast for the Philippines this year, amid rising global energy and commodity prices. According to its Outlook 2022 report released yesterday, the ADB now expects inflation in the country to quicken to 5.3 percent this year, up from the 4.9 percent forecast it provided […]
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Thailand
