MANILA, Philippines — Higher power rates and costlier farm products due to weather disturbances likely added more fuel to inflation in November, putting more strain on Filipinos’ budgets. In a statement on Wednesday, the Bangko Sentral ng Pilipinas said it projects inflation to settle between 7.4-8.2% this month. If the upper-limit of the forecast range […]
Read MoreINDONESIA’S central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain pro-stability and that energy subsidies next year will allow Bank Indonesia (BI) to raise interest rates in a measured way. Warjiyo was speaking at BI’s annual gathering with bankers, government officials and other financial regulators. This year, BI has lifted interest […]
Read MoreThe country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam. The total value of imports and exports in the year to November, at US$ 673.8 billion, soared 11.8% year-on-year. During the period, […]
Read MoreMany businesses have begun to recover since the government relaxed Covid-19 restrictions in the middle of this year and tourists began returning to Laos, according to a business representative. “At present, businesses which are doing well and growing fast are related to tourism,” the Vice President of the Lao National Chamber of Commerce and Industry, […]
Read MoreThe Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices. The MPC of the Bank of Thailand will increase the benchmark one-day repurchase rate by 25 basis points to 1.25% on Wednesday, according […]
Read MorePETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher. The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the […]
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Thailand
