SINGAPORE – Headline inflation appears to have hit its peak and central banks have slowed interest rate rises but there are still “some ways to go”, noted Singapore’s central bank chief on Thursday. Monetary Authority of Singapore managing director Ravi Menon said expectations by some that rate rises will end soon or even start to […]
Read MoreThailand is expecting to receive between 25 million and 30 million foreign visitors this year as its crucial travel sector rebounds, its Tourism and Sports Minister Phiphat Ratchakitprakarn said on Thursday. The number compares to the record of nearly 40 million in 2019 before the coronavirus pandemic emerged. The country had 4.2 million foreign visitors in […]
Read MoreUSD/IDR remains sidelined near 15,440, recently making rounds to the intraday low, even as Indonesia Retail Sales flashed disappointing data early Thursday. In doing so, the Indonesia Rupiah (IDR) pair retreats from a two-month high while snapping a three-day uptrend amid a broad US Dollar retreat. That said, Indonesia’s Retail Sales marked a 0.6% YoY […]
Read MoreThe inflation rate in Laos surged 41.3% in February, government figures show – a whopping jump from just a 2% rate the same time last year – despite drastic measures taken by authorities to tame the crisis. The government has ordered import restrictions and the closure of all private money exchangers in the country, allowing only […]
Read MoreConsumer confidence in Thailand rose for a ninth straight month in February to reach a three-year high, boosted by a recovery in the crucial tourism sector, government stimulus measures and a weak baht a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce rose to 52.6 in February from […]
Read MoreMANILA, Philippines — Economists are expecting a smaller rate hike by the Bangko Sentral ng Pilipinas (BSP) this month as inflation stayed below nine percent after easing to 8.6 percent in February from 8.7 percent in January. Aris Dacanay, ASEAN economist at HSBC, said the easing of the consumer price index (CPI) in February is […]
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