INDONESIA’S economic growth quickened in the final quarter of 2021, powered by resurgent domestic demand and the global commodity boom even as a virus resurgence looms. Gross domestic product (GDP) in the three months through December grew 5.02 per cent from a year earlier, the country’s statistics agency said on Monday (Feb 7), against the […]
Read MoreNo takers for rediscounting facility MANILA, Philippines — The peso rediscounting loan facility of the Bangko Sentral ng Pilipinas (BSP) has no releases in January as banks remain awash with cash. Rediscounting is one of the credit facilities offered by the BSP to qualified banks with active rediscounting lines to meet their temporary liquidity needs […]
Read MoreThe baht opened at 32.97 to the US dollar on Tuesday, strengthening from Monday’s closing of 33.03. The Thai currency is likely to move between 32.90 and 33.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht is likely to swing sideways because investors are in a risk-off state before […]
Read MoreKUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8). CGS-CIMB analysts Ng Lee Fang and Nagulan Ravi said in a note the stock level is 31% below the 10-year historical January average of 2.08 million […]
Read MoreVietnamese businesses have high hopes for an economic recovery in 2022. Despite Covid-19, foreign-invested enterprises are scaling up their business in Vietnam. Rapid-fire orders Receiving an annual leave application from a worker, Tran Thanh Son, HR Director of Song Ngoc Garment Company in HCM City, was worried. Workers took more leave to make up for […]
Read MorePrior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and graduated to a lower-middle-income economy in 2015. The poverty rate fell from 47.8% in 2007 […]
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Thailand
