MANILA, Philippines — The country’s debt level remains manageable, but the government must pursue a fiscal consolidation plan to avoid a further dent on economic growth, the World Bank said. In a briefing yesterday, World Bank Philippines senior economist Kevin Chua said a fiscal consolidation program would promote macroeconomic stability and support long-term economic growth. […]
Read MoreSingapore’s economy is poised for expansion as global demand shifts to Asean countries, largely due to supply chain disruptions, geopolitical conflicts and China’s zero-Covid policy, speakers at a panel discussion said on Wednesday (June 8). Chua Hak Bin, the co-head of macro research at Maybank’s investment banking group, said the reopening of borders in South-east […]
Read MoreKUALA LUMPUR: There are potential headwinds that could moderate private consumption growth in Malaysia to around 6.5% in the second half of 2022 (2H22) and 2023, according to UOB’s Global Economics and Markets Research unit. It said higher global uncertainties, rebalancing of household expenditure amid weaker household balance sheet, expiry of pandemic policy measures by […]
Read MoreSecurities analysts expect foreign funds to exit the Thai stock market after inflation jumped to a 13-year high of 7.1% in May, with the Bank of Thailand having to deal with rising prices, potential interest rate hikes and an economic slowdown. Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial […]
Read MoreTHE effect of a rupiah depreciation is likely more severe for Indonesian property developers today because the unhedged portion of their US dollar borrowings has increased, said Moody’s Investor Service in a report on Thursday (Jun 9). Indonesian developers are exposed to foreign exchange risk as they have a large portion of US dollar debt […]
Read MoreThe baht opened at 34.51 to the US dollar on Thursday, strengthening from Wednesday’s close of 34.54. The currency is expected to move in a range between 34.40 and 34.60 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the Thai currency might fluctuate and weaken early during the day as the dollar […]
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