THE Asian Development Bank (ADB) has revised up its 2022 growth projection for South-east Asia to 5.1 per cent from 4.9 per cent, as stronger forecasts for Indonesia, Myanmar and the Philippines offset downward revisions for Singapore and Thailand. In an update of the Asian Development Outlook 2022, released on Wednesday morning (Sep 21), ADB said […]
Read MoreMANILA, Philippines — The peso slumped to a new low of 57.48 to $1 yesterday, shedding eight centavos from Monday’s 57.40, with the anticipated super-sized rate hike by the US Federal Reserve likely to be followed by a huge increase by the Bangko Sentral ng Pilipinas (BSP). The local currency hit a record intraday low […]
Read MoreHigh-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said. Vietnam’s economic growth has been accelerating this year, and so the World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, […]
Read MoreThe impact of an oil price shock on headline inflation is bigger in Cambodia, according to an AMRO Analytical Note that examined the impact of rising global energy prices on inflation in the ASEAN+3 region. “The impact is the largest in Cambodia and Vietnam, at around 0.06 percentage points,” the note titled ‘Fueling Inflation in […]
Read MoreManufacturers of sugary drinks have been given more time to adjust their recipes after the government pushed back the latest hike in the excise levy for another six months. Finance Minister Arkhom Termpittayapaisith said the cabinet on Tuesday agreed to postpone the planned increase in the excise tax on sugar-based sweeteners to March 31, 2023, from […]
Read MoreEconomic resilience is essential for Vietnam to promote growth and keep inflation under control. Vietnam aims to ensure macroeconomic stability and stands ready to address inflation risks for high economic growth, according to a prime ministerial directive issued recently. Under Directive No.15, giving measures to promote economic development in a volatile world in the remainder of […]
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Thailand
