Low vaccination rates and rising Coronavirus cases are likely to hurt a nascent revival in regional economies, according to some of the world’s leading banks. HSBC has cut its annual growth forecast for Vietnam to 6.1 percent this year, from an April estimate of 6.6 percent expansion. In January, the bank predicted 7.6 percent growth. […]
Read MoreJAKARTA (BLOOMBERG) – Bank Indonesia could begin tightening monetary policy next year, including potential moves on interest rates, if the economic recovery remains on track and policymakers see signs of inflation. The bank’s exit strategy is to gradually reduce liquidity in the financial system “and then later, the end of next year, maybe some interest […]
Read MoreMANILA, Philippines — The slower than expected inflation in June should give the Bangko Sentral ng Pilipinas (BSP) some room to adjust rates to support economic recovery. In its weekly outlook, London-based Capital Economics insisted that the BSP would resume its easing cycle by September. The market consensus expects the central bank to keep rates […]
Read MoreKUALA LUMPUR: Malaysia will downgrade its economic growth outlook this year, according to the country’s finance minister, signaling that it could see expansion around 4%. While there is optimism the spread of Covid-19 can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product outlook for this year, […]
Read MoreThe Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. The new draft consists of 12 chapters and 42 articles. It was approved by the Council of the Ministers at a meeting chaired by […]
Read MoreThe National Economic and Social Development Council (NESDC) plans to table before the cabinet on Tuesday remedy measures for those affected by the strict lockdown measures that took effect on Monday, says a cabinet source who requested anonymity. The remedy is to be funded by the 500-billion-baht emergency loan, which is expected to be adequate […]
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Thailand
