ANN/THE STRAITS TIMES – A new low for the Thai baht looms and not even a rate hike by the central bank is likely to halt its slide. The Asian currency weakened for its third straight week against the United States (US) dollar, closing at 34.77 on Friday and heading towards February’s year-to-date low of […]
Read MoreThailand’s economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded. On a quarterly basis, Southeast Asia’s second-largest economy grew a seasonally adjusted 1.9% in the March quarter, data from the National Economic and Social Development Council showed. Economists in a […]
Read MoreLaos recorded a trade surplus of USD 1.39 billion in 2022, boosted by the country’s electricity exports, according to the Ministry of Industry and Commerce. The country’s total trade surplus amounted to approximately USD 15 billion, with exports worth USD 8.198 billion and imports worth USD 6.808 billion. Laos’ main exports in 2022 included electricity, gold, gold […]
Read MoreCEBU, Philippines : It’s too early for Indonesia’s central bank to consider cutting interest rates, a member of the bank’s board of governors said on Monday, even as the country’s inflation eases but concerns over slowing growth mount as exports slow. Bank Indonesia (BI) has kept policy rates unchanged since its last rate hike in […]
Read MoreThe Ministry of Economy and Commerce under the Military Council issued an announcement saying that it will allow the export of diamond jewelry to foreign countries. Previously the ministry banned the export of both polished diamonds and diamond jewelry but now they are allowing the export of diamond jewelry. In this new announcement, the ministry […]
Read MorePETALING JAYA: The labour market is expected to strengthen further in 2023 underpinned by continuous upbeat momentum in the domestic economy and modest expansion in the external sector, says MIDF Research. According to the research house, the country’s unemployment rate is expected to decline further to 3.5% but slightly higher than the pre-pandemic level of […]
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