BENGALURU, Sept 20 (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than most of its peers in trying to bring down inflation, a Reuters poll forecasts. Generous energy subsidies restrained inflation, at 4.69% in August, allowing […]
Read MoreKUALA LUMPUR, Sept 20 — Malaysia’s trade remained sturdy in August 2022 with exports jumping 48.2 per cent to RM141.33 billion, the 13th successive month of double-digit growth, the Ministry of International Trade and Industry (Miti) said. The trade surplus stood at RM16.92 billion as imports surged 67.6 per cent to RM124.41 billion. Total trade […]
Read MoreThe SBV set the credit growth target at 14% this year, higher than the 2020-21 period, which was 12.17% and 13.61%, respectively. The State Bank of Vietnam (SBV), the country’s central bank, would keep the credit growth target unchanged for this year, as an expansion may impact the banking sector’s liquidity and raise the average […]
Read MoreCambodia exported $304.385 million worth of rubber latex and wood in the first eight months of 2022, down by 6.7 per cent from the $326.339 million posted in the same period last year, according to the General Directorate of Rubber (GDR) under the Ministry of Agriculture, Forestry and Fisheries. Rubber latex accounted for $301.294 million, […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) registered a deficit for the fifth straight month with $572 million in August, reversing the $1.04 billion surplus in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). This brought the cumulative BOP deficit to $5.49 billion from January to August, almost […]
Read MoreThai steel manufacturers are planning to increase their domestic prices following a rise in operational costs, from raw material prices and electricity bills to the higher daily minimum wage. The fuel tariff increase has caused steel producers’ power bills to rise by about 50%, said Pravit Horrungruang, adviser to the EAF Long Product Steel Producers Association. […]
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