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Indonesia’s Consumer Confidence Index Rises to 128.3 in May

Jakarta. A Bank Indonesia survey recently revealed that the country’s consumer confidence index or CCI has risen to 128.3 points in May, up by 2.2 points from April’s 126.1. The central bank attributed the stronger consumer confidence to the also increasing current economic condition index (CECI) and consumer expectation index (CEI). Bank Indonesia data shows that CECI […]

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Cambodia exports reach $9.18 billion in five months

Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. The country’s main exports were apparel, footwear, travel goods, bicycles, and agricultural products such as rice, rubber, cassava, bananas, and […]

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Thailand: The eternal joust over rate hikes

Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers. On May 31, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to raise the policy rate to 2.00% from 1.75% to curb inflation risks as the economy gathers strength. Many state […]

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