Enrico Tanuwidjaja, Economist at UOB Group, comments on the recently published trade balance figures in Indonesia. Key Takeaways “Indonesia’s trade surplus hit all-time high in April 2022 to reach USD7.5bn vs. USD4.5bn in March 2022.” “Mineral fuels and oils were leading the gains in overall exports’ strong surge last month, but amidst the CPO export […]
Read MoreForeign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times reports that Bank of Laos Governor Sonexay Sithphaxay informed the media recently that only 33 percent of the total export value entered the Lao economy through the banking system over the past four months […]
Read MoreIn January 2022, Brunei Darussalam’s total trade was valued at BND2,607.8 million, an increase by 92.8 per cent from BND1,352.6 million during the same month last year. Meanwhile, for month-to-month changes, total trade for January 2022 decreased by 1.2 per cent compared to December 2021. Total exports increased by 128.9 per cent year-on-year to BND1,487.7 […]
Read MoreKUALA LUMPUR, May 19 — The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by pent-up domestic demand and continued strong external demand. This is in line with the government’s growth projection of between 5.3 per cent and 6.3 per cent for 2022. The economy […]
Read MoreMANILA, Philippines — The possibility of a rate hike for the first time in more than three years has increased as the space for accommodative monetary policy stance has narrowed significantly ahead of today’s rate setting meeting. During his weekly virtual press conference, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno hinted at the possibility […]
Read MoreCambodian economy will grow at 5.1 percent this year and 6.2 percent in 2023, according to the Ministry of Economy and Finance. The forecast followed the preliminary assessment of the macroeconomic situation of Cambodia by the International Monetary Fund (IMF) mission here. Regarding the assessment of the economic and financial situation in the country, Alasdair […]
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Thailand
