Customs-cleared annual exports rose for a sixth straight month in August, far better than expected and the fastest growth in 55 months, as demand from major markets increased. Exports, a key driver of Thailand’s growth, climbed 13.2% in August from a year earlier after July’s 10.5% rise, commerce ministry data showed on Thursday. A Reuters […]
Read MoreMANILA: With Indonesia and Vietnam cutting interest rates in the past two months and Thailand fending off pressure to do the same, the Philippines is emerging as the region’s lone candidate for a rate increase this year. While all economists surveyed by Bloomberg predict Bangko Sentral ng Pilipinas will hold its benchmark rate at a […]
Read MoreMANILA: The Philippine central bank left its benchmark interest rate unchanged at 3.0% on Thursday, as expected. All 13 economists polled by Reuters had forecast no policy change at Thursday’s policy review. Policymakers have not touched monetary levers in three years because inflation has remained moderate even as the economy has continued to gallop ahead […]
Read MorePhilippine shares rose to a record high on Thursday while other Southeast Asian stock markets slipped, in line with broader Asia, after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%. The […]
Read MoreMANILA, Philippines — RAM Rating Services Berhad of Malaysia expects a 6.7 percent economic growth for the Philippines this year. The economic growth forecast of the Kuala Lumpur-based debt watcher is lower than the 6.9 percent expansion registered last year but well within the 6.5 to 7.5 percent target set by the Cabinet-level Development Budget […]
Read MoreThe Indonesian government has agreed to lower the tariff on Australian raw sugar to 5 percent from 8 to 13 percent when the Industry Ministry issues a related regulation in the next two weeks. Trade Minister Enggartiasto Lukita said there would not be an increase in the raw sugar import quota this year but the policy would […]
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Thailand
