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Economic recovery likely intact: Bank of Thailand

Thailand’s economic recovery is likely intact and inflation should ease next year, the central bank chief said on Tuesday. Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput was speaking to a business seminar. The BoT has forecast economic growth of 3.3% for this year and 3.8% next year. Mr Sethaput reiterated that rate hikes would be gradual […]

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Philippines: Factory output hits 3-month high in September

MANILA, Philippines — The country’s manufacturing activity continued to grow in September, rising to a three-month peak, due to stronger demand. S&P Global Market Intelligence said in a report released yesterday that the Philippines’ manufacturing purchasing managers’ index (PMI) was at 52.9 in September, up from the 51.2 in August. The latest reading is the […]

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ADB forecast for Brunei unchanged

The Asian Development Bank (ADB) said Brunei Darussalam’s economic growth forecast next year is 3.6 per cent, which is unchanged from their earlier projection in April on the assumption that crude oil prices will remain elevated in the medium term. In its latest economic outlook published recently, ADB said the Sultanate’s gross domestic product (GDP) […]

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Malaysia not in crisis

PETALING JAYA: One could not help but notice that Bank Negara governor repeatedly emphasised in her latest speech – three times to be exact – that the Malaysian economy is no longer in a crisis. Tan Sri Nor Shamsiah Mohd Yunus highlighted that the economic recovery is well underway, although she acknowledged that the future […]

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Thailand: Economy set to expand despite global recession

Thailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool. Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand’s economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign […]

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