High inflation expected to last for the first half of 2022 is disproportionally affecting low-income workers, service staff and the self-employed, the Bank of Thailand (BOT) said on Sunday. Inflation in January stood at 3.23 per cent as the price of oil and products such as pork rose in line with higher demand, said bank […]
Read MoreThe baht opened at 32.69 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.50 and 33.00 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to fluctuate and weaken, […]
Read MoreKUALA LUMPUR: Malaysia’s economy is set for a gradual recovery from the COVID-19 downturn, with real gross domestic product (GDP) growth at 3.1 per cent in 2021 and projected to accelerate to about 5.75 per cent in 2022, according to the preliminary findings of an International Monetary Fund (IMF) team. The team, led by Lamin […]
Read MoreUSD/IDR remains on the back foot around $14,335, down 0.08% intraday, as Indonesia reports strong Retail Sales figures for December during early Monday. Adding to the bearish bias could be a ray of hope concerning the Russia-Ukraine issue. That said, Indonesia’s Retail Sales for December rose past 10.8% to 13.8% YoY in December, per the […]
Read MoreImproving the business environment and enhancing competitiveness are priorities in the tasks assigned by the Government to ministries and agencies in 2022. This is a necessary addition to the recently approved economic growth and recovery plan. The prolonged outbreak of Covid-19 in the past two years has had a heavy impact on businesses and people, […]
Read MoreSINGAPORE, Feb 14 (Reuters) – DBS Group (DBSM.SI) flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and boost loan growth and asset quality. Singapore lenders are also expected to be big beneficiaries of rising interest rates, while the city-state’s economy […]
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