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Philippines: Factory prices up in February

MANILA, Philippines — Factory gate prices picked up faster in February, as increments were recorded in majority of the industry groups, the Philippine Statistics Authority (PSA) said. Latest data from PSA showed the Producer Price Index (PPI) for February accelerated to 4.4 percent, faster than the four percent in January. In the same month last […]

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Thailand: De-dollarisation, a monumental economic shift

Dollarisation often results from a deeper problem — macroeconomic instability. And once dollarisation takes root, it is often difficult to dislodge… To understand what form further de-dollarisation might take in Cambodia, it’s worth taking a look back at what that ‘deeper problem’ was in the Cambodian context For economists, government finance officials, and bankers, the […]

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Thailand: Demand for major fuels on the increase

Fuel consumption in Thailand is on the rise again after a decline last year caused by the pandemic. Demand for fuel increased by 13.9% to 153 million litres per day in the first two months of 2022, according to the Department of Energy Business. The uptick was attributed mainly to the easing of lockdown measures, […]

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Malaysia: Ringgit continues upward momentum against US dollar

KUALA LUMPUR, March 31 ― The ringgit has extended its upward momentum against the greenback, as the US dollar retreated amidst concerns over the United States’ (US) gross domestic product (GDP) data which revealed a lower-than-expected reading, said an analyst. At 9am, the local currency strengthened to 4.2015/2050 against the greenback from 4.2030/2055 at yesterday’s […]

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