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Philippines: BSP may lower bank reserve ratio

If inflation eases MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to reduce the level of deposits banks are required to keep with the central bank if inflation further eases in the next two months, Dutch financial giant ING Bank said. ING senior economist Nicholas Mapa said the central bank’s Monetary Board […]

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Malaysia: External trade the main driver of GDP growth

KUALA LUMPUR: Malaysia’s economic performance is anticipated to normalise in the first quarter of 2023 (1Q23), with external trade being the main growth driver for gross domestic product (GDP). Malaysia University of Science and Technology economics professor Geoffrey Williams and HELP University economist Paolo Casadio, in a joint response to StarBiz, said they expect GDP […]

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Thailand: BoT poised to raise rate by quarter-point

The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists. Local research houses predict the central bank’s Monetary Policy Committee will increase its policy benchmark rate by a quarter-point at its meeting on […]

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Lazada chief sets out growth plans for Thailand

We want to be “customer obsessed” rather than “competition obsessed”, according to the priority outlined by Lazada Thailand chief executive Werapong Goo. “Lazada has been around for an amazing 11 years and we look forward to the next decade. We have always pursued growth at our own pace, which has enabled us to weather industry headwinds […]

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