MANILA, Philippines (Update 1, 3:20 p.m.) — The Bangko Sentral ng Pilipinas hiked its key policy rate again on Thursday in a bid to arrest red-hot inflation dampening the economy’s recovery efforts. The Monetary Board raised the benchmark rate by 50 basis points to 3.75% after its rate-setting meeting. Today’s announcement came as no surprise as BSP […]
Read MoreJAKARTA (REUTERS) – Indonesia’s president on Thursday (Aug 18) said his government is calculating how much longer it can sustain a policy of keeping fuel prices unchanged, while the central bank governor hinted at keeping rates steady at an upcoming policy review. President Joko Widodo signalled earlier this week that the government is considering raising fuel […]
Read MoreThe baht opened at 35.47 to the US dollar on Thursday, weakening from Wednesday’s close of 35.42. The currency is expected to move between 35.35 and 35.55 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht might fluctuate and weaken as the dollar strengthens and investors wait to purchase gold […]
Read MoreThe non-oil and gas sector recorded a one-per-cent growth, while the oil and gas sector decreased by nine per cent in the first quarter (Q1) of the year, according to a Department of Economic Planning and Statistics (DEPS) report. The department said the decline of the oil and gas sector has resulted in the negative […]
Read MoreVientiane Times reports that the in the first six months of last year, 6,675 businesses signed up to carry out commercial activities, with registered capital amounting to over 63.64 trillion Lao kip. Retail and wholesale outlets, as well as vehicle and motorcycle repair businesses, accounted for most of the new business registrations in the first six months […]
Read MoreSINGAPORE – Decarbonising the global economy will induce inflation and trigger a major reset of the labour market, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). However, an orderly transition to a greener economy may help keep both inflationary pressures and the disruption in labour markets manageable, he said in […]
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Thailand
