The Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy. The Monetary Policy Committee (MPC) voted 5-2 to cut the benchmark rate from 1.75% to 1.5%, akin to the […]
Read MoreMANILA, Philippines — The Philippine economy grew slower than expected in the second quarter of the year amid a sluggish rebound in state spending after the late approval of the 2019 budget, the country’s statistics agency reported Thursday. Gross domestic product — the value of all finished goods and services produced in the country — expanded […]
Read MoreRETAIL takings plunged in June compared to a year ago on the back of poor motor vehicle sales, resulting in a fifth straight month of decline. The latest release by the Department of Statistics found that Singapore’s retail sales fell by 8.9 per cent in June – steeper than the 3.7 per cent drop forecast […]
Read MoreJAKARTA: Indonesia’s easing cycle is set to last long as policymakers in South-East Asia’s biggest economy take steps to deal with a deteriorating global economic landscape, according to Bank Indonesia’s new senior deputy governor Destry Damayanti. Damayanti, who was sworn in by the country’s Supreme Court chief justice in Jakarta yesterday, said the economy is […]
Read MoreCambodia welcomed 3.3 million holidaymakers during the first half of the year, an 11.2 percent hike, according to the latest data from the Ministry of Tourism. For in depth analysis of Cambodian Business, visit Capital Cambodia The number of Chinese tourists, in particular, experienced strong growth from January to June. 1.2 million Chinese nationals visited the […]
Read MoreThe Hanoitimes – Vietnam should remain cautious to avoid being dragged into a currency war, if any, and refrain from devaluing the local currency. As Vietnam has been included in the US watchlist of currency practices, a group of researchers has recommended three steps for the country to avoid being named as currency manipulator by the […]
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