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Thailand: BoT sees recovery delayed to 2023

The Bank of Thailand (BoT) predicts that economic recovery will be delayed to the first quarter of 2023, mainly due to the third wave of infections, while vaccination is a key factor to reviving the Thai economy. The Covid-19 outbreak has brought about a public health crisis and battered the economy and local businesses, especially […]

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Philippines: M3 growth slows as bank lending falls

Growth of the country’s money supply slowed down in April as the pandemic continues to affect banks’ lending, the Bangko Sentral ng Pilipinas (BSP) said. In a statement on Monday, the central bank said domestic liquidity (M3) rose by 5.1 percent year-on-year to P14.2 trillion in April, slower than the 8.3-percent increase in March. Month-on-month […]

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Malaysia: Business confidence improving in Q2

PETALING JAYA: Businesses are more confident in the second quarter (Q2) of 2021 with a better overall confidence indicator of -3.1% against -11.3% recorded in the last quarter, according to the Business Tendency Statistics for Second Quarter 2021. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the findings were obtained based on the results […]

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Vietnam: Beverage battle fizzes up for domestic and foreign players

Non-alcoholic beverage producers in Vietnam have reported impressive growth thanks to the large space for development, which is the basis for both foreign and domestic players’ long-term investment commitment. In late March, Masan Consumer Holdings, a member of Masan Group, officially inaugurated a complex with the total investment capital of nearly $70 million, located in […]

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Thailand: State pins hopes on fresh measures

The government has pinned its hopes on fresh measures to help alleviate hardships of people affected by the Covid-19 pandemic and to boost domestic consumption worth a combined total of 140 billion baht. The measures are scheduled to go before the cabinet today. Deputy Prime Minister Supattanapong Punmeechaow said the fresh measures will play a […]

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