Consumer confidence fell for the first time in four months in September, as people were more concerned about the impact of higher oil prices, relatively low farm prices, an escalating international trade row and the slow pace of economic growth. The latest survey by the University of the Thai Chamber of Commerce (UTCC) found that the […]
Read MoreMANILA, Philippines — The World Bank has downgraded its growth forecast for the Philippines to 6.5 percent this year amid rising global uncertainties and domestic inflationary pressures. The multilateral lender last April projected a 6.7 percent economic expansion for the Philippines in 2018. The growth outlook of 6.7 percent in 2019 and 6.6 percent in 2020, however, were […]
Read MoreDespite an improved forecast for this year’s economic growth, Thailand’s outlook over the next two years is projected to slow down as investment is poised to subside and external uncertainties cast a shadow over exports, says the World Bank. The World Bank has upgraded Thailand’s economic growth forecast to 4.5% from 4.1% this year based on […]
Read MoreTrade Minister Enggartiasto Lukita had to revise a regulation on the letter of credit (L/C) before it took effect because of an overlap with a regulation issued by the Energy and Mineral Resources Minister. Energy and Mineral Resources Ministry oil and gas Director General Djoko Siswanto said the Indonesia Petroleum Association (IPA) had questioned the […]
Read MoreMANILA: Philippine inflation accelerated for the ninth straight month in September, the statistics agency said on Friday, hitting the highest in nearly a decade, although coming in slightly lower than market estimates. The consumer price index rose 6.7 percent last month from a year earlier, the fastest since February 2009, and but slower than the 6.8 percent […]
Read MorePETALING JAYA: The World Bank has cut Malaysia’s gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment. It expects the country’s pace of economic expansion to continue moderating until 2020. Although the move is largely unsurprising, the bank’s downward revision in […]
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