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Baht leads declines among weak Asian currencies

Most emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high. Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said the bank was ready to adjust the pace […]

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The Pensonic  workers at the production line of stand fan at the company plant in Bukit Minyak, Bukit Mertajam Penang yesterday. - Starpic Mustafa Ahmad (17/09/2015).
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Malaysia’s PPI eases further to 6.8% in August

KUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production eased further to 6.8 per cent in August compared to 7.6 per cent in the previous month, the Department of Statistics Malaysia (DOSM) said. The department said the lower reading was attributed to the manufacturing index with a 9.4 per cent expansion (July 2022: 9.9 […]

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Thailand: Borrowers hit as rates increase again

The Bank of Thailand on Wednesday raised the policy rate by 0.25 percentage points to 1%, in a bid to tame high inflation amid an uneven economic recovery. The meeting of the central bank’s Monetary Policy Committee (MPC) voted unanimously for the rate hike, which is effective immediately, according to the committee’s secretary Piti Disyatat. Last […]

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