MYANMAR is one of the fastest growing economies in the Southeast Asia region, with GDP having risen by an average of 7 percent in the past decade. The economy has expanded on the back of rising trade. Since 2010, the volume of containers arriving in Myanmar’s ports is up three times, reaching 1 million twenty-foot […]
Read MoreAS the top destination of Chinese investments, ASEAN means business when it comes to the Belt and Road Initiative (BRI), a trade body said. The initiative is expected to require “staggering” infrastructural investments in Asia’s developing economies. Jointly organised by the territory’s government and its trade body, the Hong Kong Trade Development Council (HKTDC), the […]
Read MoreCustoms-cleared annual exports rose for a sixth straight month in August, far better than expected and the fastest growth in 55 months, as demand from major markets increased. Exports, a key driver of Thailand’s growth, climbed 13.2% in August from a year earlier after July’s 10.5% rise, commerce ministry data showed on Thursday. A Reuters […]
Read MoreMANILA: With Indonesia and Vietnam cutting interest rates in the past two months and Thailand fending off pressure to do the same, the Philippines is emerging as the region’s lone candidate for a rate increase this year. While all economists surveyed by Bloomberg predict Bangko Sentral ng Pilipinas will hold its benchmark rate at a […]
Read MoreMANILA: The Philippine central bank left its benchmark interest rate unchanged at 3.0% on Thursday, as expected. All 13 economists polled by Reuters had forecast no policy change at Thursday’s policy review. Policymakers have not touched monetary levers in three years because inflation has remained moderate even as the economy has continued to gallop ahead […]
Read MorePhilippine shares rose to a record high on Thursday while other Southeast Asian stock markets slipped, in line with broader Asia, after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%. The […]
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Thailand
