Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers. SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s Monetary Policy Committee (MPC) will raise its policy benchmark rate […]
Read MoreCambodia and Vietnam signed a trade enhancement agreement to increase economic cooperation between the two countries. On June 2, Pan Sorasak, Minister of Commerce, and Nguyen Hong Dien, Minister of Industry and Commerce of Vietnam, virtually signed a memorandum of understanding (MoU) on trade and economic cooperation. The signing ceremony was attended by relevant officials […]
Read MoreSINGAPORE: Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn. Purchasing managers indexes for export powerhouse Taiwan dropped to 44.3 from 47.1 in the previous month, while Vietnam registered the lowest reading since September 2021, according to S&P Global on Friday. […]
Read MoreMANILA, Philippines — Philippine factories posted faster output growth in May, with manufacturers reporting faster delivery of raw materials they need for production, which helped them meet growing demand. Results of a survey of around 400 companies showed the Philippines’ Purchasing Managers’ Index (PMI) — a measure of factory output — went up to 52.2 […]
Read MoreCRYPTO.COM has been granted a major payment institution licence by the Monetary Authority of Singapore (MAS), nearly one year after the crypto company received an in-principle approval from the central bank. This allows the company to continue to extend its digital payment token services to customers in Singapore, it said on Jun 1. Jun 1 […]
Read MoreEASING inflation has allowed Vietnam’s central bank to cut interest rates earlier this year, governor Nguyen Thi Hong said on Thursday (Jun 1). The State Bank of Vietnam will prioritise macroeconomic stability and safety of the country’s banking system, she said in a speech to parliament. “The central bank will stick to its strategy of […]
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