The Bank of Thailand has become cautious in its export outlook, predicting the country’s payment-based outbound shipments will shrink in the first quarter after a year-on-year contraction in January exports. The export contraction is expected to extend into February and persist through the first quarter, given external risks and a high-base effect, said Don Nakornthab, senior director […]
Read MoreSingapore has been ranked 13th out of 126 countries in the 2019 Rule of Law Index released on Thursday (Feb 28), and first in the area of order and security. Compiled by the World Justice Project (WJP), a US-based independent advocacy group, the index measures how the rule of law is “experienced and perceived in practical, everyday situations by the […]
Read MoreMANILA, Philippines — Inflation likely eased for another month in February, as lower rice prices and a stronger peso cushion upward price pressures from higher local pump prices and power rates, the Bangko Sentral ng Pilipinas reported Thursday. In a statement, the BSP Department of Economic research pegged February inflation at 3.7-4.5 percent. If the […]
Read More[JAKARTA] Indonesia’s annual inflation rate cooled more than expected to the lowest in almost a decade, near the lower end of the central bank’s target range, due to falling food prices, data from the statistics bureau showed on Friday. February’s inflation rate was at 2.57 per cent on a yearly basis, the lowest since November 2009 according to Refinitiv […]
Read MoreMANILA, Philippines — The underlying fiscal metrics of the Philippines remain stable even after the national government overshot its budget deficit ceiling last year, according to Moody’s Investors Service. “Although wider budget shortfalls typically reflect a credit-negative deterioration in other fiscal metrics, measures of the Philippine government’s indebtedness and debt affordability have remained stable or continued […]
Read MoreIn 2018, mobile financial services provider Wave Money moved more than K2 trillion (US$1.3 billion in remittance volume, equivalent to nearly 2 percent of Myanmar’s GDP, the company said in a statement last week. Wave Money operates the largest financial services network in Myanmar, with an agent network that is over 16 times larger than […]
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Thailand
