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Thailand: Interest rates forecast to continue rising

Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers. SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s Monetary Policy Committee (MPC) will raise its policy benchmark rate […]

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Cambodia, Vietnam sign trade enhancement pact

Cambodia and Vietnam signed a trade enhancement agreement to increase economic cooperation between the two countries. On June 2, Pan Sorasak, Minister of Commerce, and Nguyen Hong Dien, Minister of Industry and Commerce of Vietnam, virtually signed a memorandum of understanding (MoU) on trade and economic cooperation. The signing ceremony was attended by relevant officials […]

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Asia’s factories signal more pain as China recovery falters

SINGAPORE: Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn. Purchasing managers indexes for export powerhouse Taiwan dropped to 44.3 from 47.1 in the previous month, while Vietnam registered the lowest reading since September 2021, according to S&P Global on Friday. […]

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