In a rare move, the Bank of Thailand has threatened to investigate some financial institutions with operations in Thailand for possible involvement in baht speculation. The central bank’s announcement comes amid the baht’s continued rally against the US dollar. The local currency, up nearly 2% versus the greenback in 2018, is now the second-best performer […]
Read MoreThe Securities and Exchange Commission of Cambodia (SECC) has warned the public to be cautious and avoid speculating in cryptocurrency trading, noting that the market remains unregulated. “[We] would like to appeal to the public to be highly cautious in involving with trading of any cryptocurrencies that eventually could lead to losses,” the SECC said […]
Read MoreThe economy of Myanmar is set to continue gaining momentum in the near and medium term while the slow pace of economic reforms has led to a drop of investor confidence, according to the Oxford Business Group. This growth is anticipated to take place despite concerns over the slow pace of economic reforms and the Rakhine […]
Read MorePETALING JAYA: Malaysia’s exports will continue to grow this year, although at a slower pace following blistering performance in 2017. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie expects the country’s total exports to grow by 7.5% this year, as compared to the forecast 19.8% expansion last year. Despite the projected slower pace of […]
Read MoreMANILA, Philippines — The share of the national government’s budget deficit to the country’s gross domestic product (GDP) may have reached 2.6 percent to 2.8 percent in 2017, according to the Department of Finance (DOF). In an interview, Finance Undersecretary and chief economist Gil Beltran said the government’s deficit-to-GDP ratio was estimated to have settled […]
Read MoreAT FIRST glance, Singapore’s December export data seems to show that the trade-driven lift fuelling the economy over the past year has started to fizzle out. But dig deeper and a more optimistic picture emerges. While last month’s performance was weaker than expected, it capped a stellar year, with export growth hitting a seven-year high […]
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