Thailand’s official unemployment rate in the second quarter dropped to its lowest since the Covid-19 pandemic began and should improve further as the economy recovers following an easing of restrictions, the National Economic and Social Development Council (NESDC) said on Friday. Southeast Asia’s second-largest economy is gaining steam as its crucial tourism sector picks up. The […]
Read MoreTEMPO.CO, Jakarta – Director of the Center of Economics and Law Studies (Celios) Bhima Yudhistira predicted that the poverty gap will widen more quickly if egg prices continue to skyrocket. The number of poor people will also increase following the hike in the price of basic food needs. “Chicken eggs contribute 4.12 percent to the poverty line in […]
Read MoreMANILA, Philippines — Credit growth in the Philippines is likely to taper off in the second half of the year amid the central bank’s tightening cycle to anchor inflation expectations, according to Fitch Ratings. In its non-rating action commentary titled “Philippine Banking Sector to Sustain Improving Profitability as Rate Rises,” the debt watcher said high […]
Read MoreKUALA LUMPUR: Business sentiment continued to be positive for the third quarter (3Q) of this year with the confidence indicator of 4.7% compared with 3.5% in the second quarter (2Q), according to the Statistics Department. The services sector anticipated better performance with the confidence indicator of 13.6% in the reference quarter from 5.6% in 2Q, […]
Read MoreBrunei Darussalam Central Bank (BDCB) yesterday published the Sultanate’s Business Sentiment Index (BSI) for July 2022. The index is based on surveys conducted on more than 500 micro, small, medium and large-sized businesses from the 11 economic sectors in the country. The monthly index is designed to measure the level of business confidence/sentiment in the […]
Read MoreThe baht opened at 35.82 to the US dollar on Friday, unchanged from Thursday’s closing rate. The currency is expected to move between 35.70 and 36 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He explained that the baht is still swinging sideways ahead of the US Federal Reserve chair’s statement. Jerome Powell […]
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