MANILA, Philippines — The research unit of Australia and New Zealand Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver five rate hikes instead of only two this year, as upside risks to inflation forecasts have become more prominent with higher oil prices. ANZ Research chief economist for Southeast Asia Sanjay Mathur and economist […]
Read MoreCambodia has officially delayed its planned implementation of capital gains tax to January 1, 2024, through Notification 4577 issued by the General Department of Taxation (GDT). The decision is in support of the government’s new vision to foster post-pandemic economic growth through the ‘Strategic Framework and Programs for Economic Recovery in the Context of Living […]
Read MoreThe baht opened at 33.62 to the US dollar on Monday, strengthening from the 33.64 closing on April 12. The currency is expected to move between 33.55 and 33.75 during the day and between 33.30 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. He believes the baht may swing sideways unless a […]
Read MoreKEY Singapore exports rose for the 16th straight month in March, helped by a surge in gold, according to data from trade agency Enterprise Singapore (ESG) on Monday (Apr 18). Non-oil domestic exports (NODX) growth eased to 7.7 per cent year on year, from 9.4 per cent in the month before, but was still higher […]
Read MoreThe GDP growth in the first quarter of 2022 is estimated to increase by 5.03% year-on-year, higher than that of 2020 and 2021, marking a return to a 5% growth or more after many difficult years. Inflation also remains under control with the Consumer Price Index (CPI) increasing by 1.92% over the same period last […]
Read MoreMANILA, Philippines — The continued tension between Ukraine and Russia will likely put a dent on Philippine exports as well as in many other Asia-Pacific economies. In its weekly economic preview, New York-based market intelligence firm S&P Global said the region has so far been resilient to global economic shockwaves because of the war. This […]
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Thailand
