MANILA, Philippines — Headline inflation may ease further to 3.9 percent toward the end of the year, which may prompt the Bangko Sentral ng Pilipinas (BSP) to cut interest rates as early as the fourth quarter, according to MUFG Global Markets Research. In a report, MUFG said inflation may drop below the BSP’s two to […]
Read MoreTighter-than-expected global financial conditions could have widespread adverse effects on the East Asia and Pacific (EAP) region, including Cambodia, according to the World Bank’s ‘Global Economic Prospects – June 2023’. The tighter financial conditions could stem from a combination of further global banking sector turmoil and heightened investor risk aversion or from tighter-than-expected monetary policy […]
Read MoreThe private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more. Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, said the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is monitoring politics and awaiting a […]
Read MoreVietnamese consumers’ overall optimism remained one of the highest among countries globally. HÀ NỘI — Việt Nam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 13.7 per cent to 23,460 tonnes in April 2023 from 27,188 tonnes in March 2023, said the Department of Statistics Malaysia (DoSM). However, NR output increased year-on-year, up 3.4 per cent from 22,695 tonnes in April 2022, it said. “The smallholders sector contributed 87.7 per cent […]
Read MoreAccording to government officials, more than 1,000 businesses registered in 21 Special Economic Zones (SEZs) across seven provinces in Laos have provided 60,000 employment opportunities to the local population. During a meeting held on Monday, Mrs. Khamchan Vongsenboun, Vice Minister of Planning and Investment, revealed that the total investment value in these SEZs has surpassed USD 64 […]
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