The US dollar surged to its highest level in 16 months as investors weighed in on the possible Fed tightening as early as mid-2022. This is well ahead of the contemplated moves of other major central banks. Last Friday, Fed vice chair Richard Clarida said that it may be appropriate for policymakers to discuss whether […]
Read MoreWhile most manufacturing enterprises resumed operations as pandemic restrictions were eased, significant challenges remain because of the rising cost of petrol and raw materials. The price of consumer goods is expected to increase sharply as a result. Duyen Hai Economic Development Co (Cofidec) director Dang Thi Phuong Ninh told local media: “Every commodity has increased […]
Read MoreThailand gross domestic product (GDP) is expected to rise by 3.5 per cent to 4.5 per cent next year on economic recovery, Finance Minister Arkhom Termpittayapaisith said during the Thai Chamber of Commerces seminar on Saturday. He predicted that Thailand GDP would rise by 1.2 per cent to 1.3 per cent this year in response […]
Read MoreMANILA, Philippines — The Philippine economy is seen growing 4.6 percent this year following the stronger than expected performance in the third quarter and as recovery continues to pick up pace. In an email to The STAR, Oxford Economics assistant economist Makoto Tsuchiya said the think tank further hiked its gross domestic product (GDP) prospects […]
Read MoreCar exports in October grew by 14.3% year-on-year — the highest in seven months — to 81,577 units, impressing automakers with a chance to see exports rise to 870,000 units beyond the 2021 target, says the Federation of Thai Industries (FTI). However, domestic car sales in the same month decreased by 13% year-on-year to 64,462 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects to see more bank mergers and acquisitions after financial regulators agreed to streamline the processing of applications. In his weekly virtual press conference, BSP Governor Benjamin Diokno said monetary authorities are processing five applications, including four for mergers and consolidation and one for acquisition. “There […]
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