Thailand’s headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of an interest rate hike as early as next month, and with the commerce ministry warning price pressures will extend into the third quarter. The headline consumer price index (CPI) rose 7.66% from a year ago, driven up by higher […]
Read MoreCNA – Singapore does not expect its economy to slip into a recession or stagflation next year, said Minister of State for Trade and Industry Alvin Tan in Parliament yesterday, although he warned that globally, “significant” headwinds remain. So far this year, local economic activity has remained “resilient” despite rising inflation, he added in a […]
Read MoreThe Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern countries. Jakarta (VNA) – The Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern […]
Read MoreCambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer Times reports that the “Cambodia My 2nd Home” program has been exclusively launched by the Khmer Home Charity Association with full authorization from the Ministry of Interior, with the goal of promoting […]
Read MorePETALING JAYA: Another round of spike in borrowing cost is anticipated when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. Economists are expecting a 25-basis-point (bps) hike in the overnight policy rate (OPR) to 2.25% at the July 6 meeting. This would be the first consecutive rise in the OPR in more than […]
Read MoreSINGAPORE – Singapore’s economy will grow less this year than previously estimated and may expand at a much slower pace in 2023, said a report by the Asean+3 Macroeconomic Research Office (Amro). The Republic’s gross domestic product (GDP) will increase by 3.9 per cent in 2022 after advancing by 7.6 per cent a year earlier, […]
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Thailand
