MANILA, Philippines — Economists believe the inflation downtrend will give the Bangko Sentral ng Pilipinas (BSP) more space for a longer pause that may see key policy rates on hold until next year. Aris Dacanay, economist for ASEAN at HSBC, said the further easing of inflation to a 12-month low of 6.1 percent in May […]
Read MoreThe Thai National Shippers’ Council (TNSC) still believes exports can eke out growth of 0-1% this year, as it urges swift establishment of a new government to spur the country’s trade competitiveness and address economic issues. Chaichan Chareonsuk, chairman of the TNSC, said Thai exports from May to June are likely to slightly contract year-on-year, resulting […]
Read MoreThe Regional Economic Comprehensive Partnership (RECP) is all set to play a vital role in Cambodia’s journey towards economic prosperity, fuelling the nation to become a high middle-income country as early as 2028, opine experts. Going by the World Bank definitions, low-income economies are those with GNI per capita of less than $1,025; lower-middle-income countries […]
Read MoreThe Thai baht led losses amid mixed trade in most Asian currencies on Tuesday, as US economic data pointed to sluggish growth in the country’s services sector, strengthening the case for a pause in interest rate increases by the Federal Reserve next week. The baht weakened as much as 0.7% and was trading close to 34.80 […]
Read MoreThailand’s exports are likely to be flat or rise up to 1% this year as global demand has slowed but a weak baht is providing support, the Thai shippers’ council said on Tuesday. The strong export markets were the United States and Europe, but China was not as active though gradually improving, Thai National Shippers’ Council […]
Read MorePETALING JAYA: While Malaysia’s trade growth has started to decelerate in line with consensus expectations of a weaker global economy, industry analysts are of the view that strong domestic demand, particularly private consumption and private investment, will help to sustain the country’s gross domestic product (GDP) expansion this year. Economic and financial data are signalling […]
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