The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday and upgraded its GDP outlook slightly as the economy showed some signs of recovery from the fallout of the coronavirus pandemic. The BoT’s monetary policy committee voted unanimously to keep the one-day repurchase rate steady at a record […]
Read MoreSINGAPORE’S core inflation in August eased slightly from its decade-low point in July but remained in negative territory for the seventh straight month. The figure, which strips out private transport and accommodation costs, rose to -0.3 per cent year on year, up marginally from the -0.4 per cent seen in July 2020, according to data released […]
Read More[KUALA LUMPUR] Malaysia’s consumer price index (CPI) fell for the sixth month in a row in August, declining 1.4 per cent from a year earlier, government data showed on Wednesday. The drop was slightly worse than the 1.2 per cent contraction forecast by 10 economists in a Reuters poll. In July, the index had fallen […]
Read More[BENGALURU] Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/Insead survey showed. Asian firms’ outlook for the next six months tracked by the Thomson Reuters/Insead Asian Business Sentiment Index jumped to 53 in the […]
Read MoreVietnam, the world’s biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review. The newspaper reported that more people are working at home during the pandemic, driving up demand […]
Read More[JAKARTA] Bank Indonesia’s (BI) policy will remain accommodative to help South-east Asia’s largest economy recover from the impact of the coronavirus pandemic, Dody Budi Waluyo, the central bank’s deputy governor, said on Wednesday. The recovery has so far been limited to some sectors, “incomplete and uneven”, and loan growth has been slow due to weak […]
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