The Philippine peso is a standout among emerging market currencies (EM) this year. While many EM currencies weakened significantly against the US dollar on the back of rising US interest rates, the peso has been stable. Closing at 48.38 against the dollar last Friday, it is just 0.9 percent off its recent top of 47.93. […]
Read MoreVietnam has joined many multilateral and bilateral trade agreements in recent years. The question is what the country receives from these trade relations. Foreign trade statistics show that Vietnam has always gained a trade surplus with the United States, the EU and Japan while the country’s trade with China and South Korea has constantly been […]
Read MoreUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest inflation figures in the Malaysian economy. Key Quotes “Headline inflation jumped to 1.7% y/y in Mar (from +0.1% y/y in Feb), slightly higher than our estimate (1.5%) and Bloomberg consensus (1.6%). It also marked the highest rate in nearly three years, […]
Read MoreThe Singapore-Hong Kong Air Travel Bubble (ATB) is set to launch on May 26 — barring any deterioration of the Covid-19 pandemic situation in both cities — and Singapore is open to more air travel bubbles with other regions, said Minister for Transport Ong Ye Kung today (April 26) during a doorstop interview. Moving forward, […]
Read MoreThe value of Thai food exports is expected to increase by 5-7% this year to 1 trillion baht as a global Covid-19 vaccination drive continues, says the Federation of Thai Industries’ (FTI) food processing industry club. Export value stood at 981 billion baht last year after the pandemic forced countries to impose strict lockdown measures. […]
Read MoreMANILA, Philippines — Economists of private banks expect inflation to breach the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) for this year amid supply disruptions and rising global crude oil prices. Zeno Ronald Abenoja, managing director of the BSP’s Department of Economic Research (DER), said […]
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