MANILA, Philippines — The series of rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) last year slashed the country’s economic growth by 0.2 percentage point in 2018 and 0.4 percentage point in the first half of 2019, according to the Department of Finance (DOF). In an interview, Finance Undersecretary and chief economist Gil […]
Read MoreThailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighbourhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the easing party under way not just in Asia but in emerging […]
Read MoreThe World Economic Forum (WEF) rates Brunei as the world’s 56th most economically competitive country in the world out of 141 countries this year, rising six places from 2018 when the Sultanate was ranked at 62nd place. The 2019 Global Competitiveness Report measures the strength of 103 key indicators including inflation, digital skills, institutions, macroeconomic stability, health, […]
Read MoreSINGAPORE (BLOOMBERG) – The luxury end of Singapore’s residential market is hot, and according to Colliers International Group, it’s because of increased interest from mainland Chinese nationals. While some market watchers have speculated the turmoil in Hong Kong may lead people there to buy property in the city-state, it seems that isn’t necessarily the case. […]
Read MoreThe World Bank unveiled its latest economic update yesterday, entitled Weathering Growing Risks, and highlighted regional and global challenges that will, the report suggests, trickle down to affect Cambodia’s growth. Real GDP growth as reported by the World Bank held steady at 7 percent in 2016 and 2017, jumping up to 7.5 in 2018 – […]
Read MoreConsumer confidence plunged to a 39-month low in September as the public fretted about the tepid economy, shrinking exports, low farm prices and global uncertainty stemming from trade wars and the Brexit impasse. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), the consumer confidence index fell to 72.2 […]
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