THE International Monetary Fund (IMF) on Monday (Sep 26) slashed its growth forecasts for the Philippines for this year and next to reflect the impact of a global economic slowdown and tightening financial conditions. The IMF said economic growth in the South-east Asian country this year would hit 6.5 per cent, weaker than its previous […]
Read MoreThe Bank of Thailand (BoT) is closely monitoring the baht currency’s weakness but there has been no big concern yet, the finance minister said on Monday, as the currency hit its lowest in 16 years against the dollar. “On baht weakness, the central bank is always taking care of what we’ve assigned. There isn’t much of […]
Read MoreSINGAPORE, Sept 24 — Maybank Securities Singapore raised its 2022 inflation forecast slightly for the republic’s core inflation to 4.2 per cent from 4.0 per cent and headline inflation to 6.2 per cent from 6.0 to account for the larger than expected pick-up in food and services costs. Its analysts Chua Hak Bin and Lee […]
Read MoreMANILA, Philippines — The Philippine economy is expected to grow by 6.5 percent this year with domestic demand seen to remain strong despite high inflation, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research. In the Market Call report for September released over the weekend, FMIC […]
Read MoreThe forex market has seen heavy fluctuations amid a tense situation as the US has raised interest rates as well as other central banks. The high prices of USD have affected the Vietnamese dong. USD/VND exchange rate reaches VND24,000 The VND/USD official exchange rate has been increasing in recent sessions, ahead of the US Federal […]
Read MoreExports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the Commerce Ministry said on Monday. Exports, a key driver of Thai growth, increased 7.5% in August from a year earlier, versus a forecast 7.7% rise in a Reuters poll, and against […]
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