BENGALURU: Thailand’s economic growth probably slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found. Growth in Southeast Asia’s second-largest economy was estimated at 3.5% year-on-year in the October-December period, down from 4.5% in the prior quarter, according to the median forecast […]
Read MoreCambodia has applied for membership in the Cross-Border Interbank Payment System (CIPS) initiated by China, which is believed that the system will facilitate and promote Cambodia-China’s trade, investment, and tourism. Becoming a CIPS member will add an option and facilitate payment as Cambodia is one of the tourism sites for Chinese tourists, said Chea Serey, […]
Read More(Bloomberg) — Two Southeast Asian central banks are likely to take different policy actions on Thursday as inflation paths diverge, with the Philippines seen raising borrowing costs again to cool prices and Indonesia expected to hit the brakes on tightening. All 25 economists surveyed by Bloomberg see Bangko Sentral ng Pilipinas raising its benchmark rate, […]
Read MorePETALING JAYA: Malaysia can achieve high-income status by 2026 if its economic growth rate is able to sustain in a range of between 4% and 5% annually, says Economy Minister Rafizi Ramli. The Pandan MP said the strengthening of the ringgit was another factor that could aid the country in achieving the high-income status. Rafizi […]
Read MoreMANILA, Philippines — The Australia and New Zealand Banking Group Ltd. sees the Bangko Sentral ng Pilipinas (BSP) hiking rates by a total of 100 basis points this year amid a long drawn monetary policy tightening to tame inflation. In a report, ANZ said the BSP may deliver another 50-basis-point hike today followed by two […]
Read MoreRice exporters have voiced concerns about prospects, suggesting the entire rice market is likely to tumble if the next government reinstates populist rice policies that distort the market. Charoen Laothamatas, president of the Thai Rice Exporters Association, said political factors are likely to affect the rice export outlook if the next ruling coalition reinstates populist policies […]
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Thailand
