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Philippines: ‘BSP will need to stay hawkish’

MONETARY authorities will have to continue raising interest rates after inflation spiked to a higher-than-expected 8.7 percent in January, analysts said. The Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board may have to deliver another 50-basis-point (bps) increase next week instead of the 25 bps initially expected, two economists added. This would raise the policy […]

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Thailand: Q1 exports anticipated to dip 3-5%

Exports are expected to contract 3-5% in the first quarter before starting to recover in the second and third quarters, partially helped by China’s reopening, lower freight rates and high global purchases, according to the national shipping group. However, the group warned the strong baht may weaken the country’s export competitiveness, asking the Bank of Thailand […]

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Thai exports seen up 1-2% in 2023 – shippers

Thailand’s exports are likely to grow by 1% to 2% this year, unchanged from a previous forecast, according to the Thai National Shippers’ Council. Shipments continue to face slowing global demand and currency volatility, Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council, told a news conference on Tuesday. Source: https://www.bangkokpost.com/business/2500964/thai-exports-seen-up-1-2-in-2023-shippers  

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Brunei: 2022 inflation rate surges 3.7pc

The inflation rate was at 3.7 per cent in 2022 compared to 1.7 per cent in 2021. The food and non-alcoholic beverages and non-food indexes increased by 5.1 per cent and 3.3 per cent. The increase in the food and non-alcoholic beverages index was mainly due to the rising meat prices. Meanwhile, the increase in […]

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