Thailand will only gradually increase interest rates to tackle rising inflation and ensure an uninterrupted economic recovery, while the central bank will let the baht move in line with market forces, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday. The economic recovery is slow but intact, helped by improved consumption, he told a central […]
Read MoreTEMPO.CO, Nusa Dua – Bank Indonesia Governor Perry Warjiyo stated that the digital economy has become the savior of the country’s economy during the lingering COVID-19 pandemic. “In the future, the digital economy will also be a pillar for Indonesia’s advance,” said Perry at the opening of the 2022 Indonesian Digital Economy Festival (FEKDI) in Nusa Dua, Bali, Monday, July […]
Read MoreMANILA, Philippines — Data and analytics company GlobalData has trimmed its forecast for Philippine economic growth this year, but the country is expected to be among the fastest growing economies in the Asia Pacific (APAC) region. In a statement, GlobalData said the Philippine economy is expected to expand by 6.7 percent this year. Earlier, GlobalData […]
Read MoreThe baht opened at 35.82 to the US dollar on Monday, strengthening from Friday’s close of 36.01. The Thai currency is expected to move between 35.75 and 35.90 against the greenback during the day and between 35.70 and 36.30 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon said the baht is likely to […]
Read MoreANN/THE STAR – Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to MYR129.8 billion – the highest sales recorded since 2013, said the Department of Statistics Malaysia (DoSM). Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the increase to the retail […]
Read MoreEnterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds. Trade experts said as China is the biggest exporter of goods to Vietnam, its lockdown measures prompted by the COVID-19 resurgence will affect the latter’s processing, manufacturing, and exports in […]
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