The Thai Chamber of Commerce (TCC) has urged the Bank of Thailand to further ease monetary policy as a means to rein in the baht, while the Federation of Thai Industries (FTI) requested the central bank launch mid and long-term measures to stabilise the currency’s movement. Apart from cutting the benchmark rate, managing offshore fund […]
Read More[JAKARTA] Indonesia’s central bank may be able to cut its benchmark interest rate again if financial markets stabilise, a senior bank official said on Thursday, adding that recent turbulence due to fears of a currency war should be temporary. “If we look at the turmoil in the past two days, the rupiah is already improving […]
Read MoreBENGALURU: Rice export prices in Thailand rose this week on worries that the country’s worst drought in about a decade could further squeeze supply, while Vietnam explored potential deals in the south American market. Thailand’s benchmark 5-percent broken rice prices rose to US$406-$425 a tonne on Thursday from $395-$405 quoted last week. “Harvesting has started […]
Read MoreSINGAPORE: Singapore’s economy is expected to have contracted almost 3% in the second quarter, a slight improvement from advance estimates but reaffirming the risk of a possible recession as the trade and manufacturing sectors struggle. Final gross domestic product is forecast to have fallen 2.9% on a seasonally adjusted and annualised quarter-on-quarter basis, a Reuters […]
Read MoreMANILA, Philippines — Economic growth shifted to an even lower gear in the second quarter, falling way short of forecasts, due to the spillover effects of the budget delay and the election ban on infrastructure projects, the national data agency said yesterday. The Philippine Statistics Authority said the domestic economy, as measured by gross domestic […]
Read MoreThe baht is defying the conventional wisdom that an interest-rate cut spurs weakness in a currency. The currency rose 0.2% on Thursday, erasing all of its decline the previous day when the Bank of Thailand delivered a surprise rate cut. The baht has proved resilient amid this month’s market turmoil and is up about 8% […]
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Thailand
