The Bank of Thailand (BoT) should urgently hike interest rate to prevent a further spike in inflation and ease the burden on low-income groups already reeling from the rising cost of living, according to Korn Chatikavanij, a former finance minister. The BoT should convene an emergency meeting of its Monetary Policy Committee to lift its […]
Read MoreKUALA LUMPUR, June 23 — Malaysia’s labour market is expected to strengthen further in the second half of 2022 (2H2022), underpinned by the return of workers from Indonesia today. Indonesia’s ambassador to Malaysia, Hermono, has reportedly said that Malaysia will receive the first group of Indonesian migrant workers today since the reopening its borders, and […]
Read MoreBANGKOK — Myanmar has stepped up import controls by banning imports of cars and other nonessential goods as the country struggles with a severe foreign-currency shortage caused by declines in investment and assistance from overseas. Myanmar athletes who competed in the Southeast Asian Games in Vietnam last month were surprised by an unusual announcement last […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has warned that the twin troubles of surging inflation and the war in Europe will push interest rates up and disrupt foreign direct investments (FDI). DOF chief economist Gil Beltran yesterday said the next administration should brace for impact in case borrowing costs sustain their upward trend […]
Read MoreThe economy is likely to grow at around 5 percent this year, primarily supported by agricultural exports, transport, telecommunications and improved investment flows and remittances from overseas workers. The National Bank of Cambodia made the economic projection in its Financial Stability Review 2021, released recently. In terms of trade and investment, the country is expected […]
Read MoreThe State Bank of Vietnam (SBV) has affirmed that it will apply a flexible monetary policy amid global uncertainties. Since early 2022, the international financial market has experienced complicated movements. Russia-Ukraine tensions have had a negative impact on the global economic and financial system, affecting fuel prices and basic commodities, and exacerbating the consequences of […]
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