INDONESIA’s central bank may have been able to hold out on increasing its benchmark 7-day reverse repurchase rate for the 15th consecutive month, but that streak will likely be broken by the end of the year, analysts said in separate reports on Thursday (Jun 23). Even as other central banks globally have hiked policy rates […]
Read MoreSINGAPORE’S factory output in May grew faster than the previous month on the back of a surge in semiconductor production, according to data from the Singapore Economic Development Board (EDB) on Friday (Jun 24). Industrial production grew 13.8 per cent year on year, up from a revised 6.4 per cent in April. Excluding the usually volatile […]
Read MoreKUALA LUMPUR (June 24): Inflation in Malaysia is poised to catch up with neighbouring countries in the second half of this year, after relatively benign consumer price index (CPI) readings until April, thanks to the blanket fuel subsidy, low utilities prices and the inclusion of price-controlled items in the CPI basket. Across the Causeway, Singapore’s headline […]
Read MoreAs expected, BSP delivers back-to-back hikes MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday delivered back-to-back rate hikes, raising key policy rates by 25 basis points, to fend off rising inflationary pressures. Outgoing BSP Governor Benjamin Diokno said the central bank’s Monetary Board decided to raise the overnight reverse repurchase rate to 2.50 […]
Read MoreThe baht opened at 35.50 to the US dollar on Friday, unchanged from Thursday’s closing, and will move in the range of 35.40 and 35.60 on Friday, a strategist predicted soon after markets opened. Krungthai Bank market strategist Poon Panichpibool said the currency is likely to weaken and test its resistance level at 35.75 to […]
Read MoreThe number of travelers, especially in groups, has seen a boom as summer has arrived. However, travel firms are worried as airfares are high, and tour guides and passenger buses are lacking. Nguyen Cong Hoan, CEO of FlamingoRedtours, said the number of domestic travelers in the summer has increased by 3-4 times over the last […]
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Thailand
