The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide, an ESCAP report said. The noodle bowl of Asia-Pacific trade agreements is now made up of 333 PTAs with at least one party of the Asia-Pacific, according to ESCAP’s Asia-Pacific […]
Read MoreMANILA, Philippines — The Philippines may raise its beer imports by more than a third this year amid increasing demand due to the resumption of economic activities and the country’s young and growing population, the United States Department of Agriculture (USDA) said. In the latest report by its Foreign Agricultural Service (FAS), the USDA said […]
Read MoreThe Vietnamese Parliament expects a budget deficit of VND455.5 trillion (US$18.35 billion), or 4.42% of GDP, for next year. The National Assembly (NA) on November 11 ratified a resolution on the state budget estimate for 2023 with the endorsement of 91% of deputies at present. Under the resolution, the NA agreed to raise the basic […]
Read MoreThe baht surged to its strongest level in almost three months on Friday after China eased some of its quarantine rules for travellers and speculation the United States Federal Reserve would be less aggressive with its rate hikes. The baht strengthened to 35.70 per US dollar on Friday, its highest level since Aug 22, according to […]
Read MoreMonetary policies made amid global uncertainties should be flexibly adopted, and their effectiveness greatly depends on the trust of people, enterprises and investors. The State Bank of Vietnam’s recent decisions to hike key interest rates, widen the trading band of the VND, and actively engage in open market operations have significantly contributed to ensuring macroeconomic […]
Read More(Bloomberg) — Economists see Indonesia’s central bank raising its benchmark interest rate faster and sooner than previously expected to make up for its late entry to the monetary tightening club. Bank Indonesia’s seven-day reverse repurchase rate is expected to be raised by a full percentage point by March from the current 4.75%, according to a […]
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Thailand
