(Bloomberg) — Economists see Indonesia’s central bank raising its benchmark interest rate faster and sooner than previously expected to make up for its late entry to the monetary tightening club. Bank Indonesia’s seven-day reverse repurchase rate is expected to be raised by a full percentage point by March from the current 4.75%, according to a […]
Read MoreMANILA, Philippines — Consumers are expected to continue enjoying low interest rates and charges on their credit card transactions at least during the Christmas holidays after the Bangko Sentral ng Pilipinas (BSP) decided to maintain the current cap until the end of the year. The central bank’s Monetary Board has decided to keep the interest […]
Read MoreCourier service Kerry Express (Thailand) Plc has reported improved performance in the third quarter, with quarter-on-quarter net losses falling by 8%. The firm posted continuous year-on-year volume growth of 5%, despite lacklustre macroeconomic conditions, inflationary pressure, lower consumer purchasing power and weaker sales in the e-commerce sector. Kerry Express chief executive Alex Ng said efforts to […]
Read MoreBut UK think tanks not so bullish for 2023 MANILA, Philippines — The Philippine economy is expected to grow by more than seven percent this year after roaring back in the third quarter despite soaring inflation and rising interest rates, economists said. DBS Bank Ltd. of Singapore raised its 2022 gross domestic product (GDP) growth […]
Read MoreThough the monetary regulator has taken intervention measures, the pressure on the forex market remains high. With pressure on the local currency still lingering, while resources and vehicles required to stabilize the forex rate are being exhausted, a big question arises over whether the monetary regulator still wields any policy space for forex control in […]
Read MoreA report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was released by the National Centre for Socio-Economic Information and Forecast (NCIF) and Konrad-Adenauer-Stiftung Vietnam on November 10. Hanoi (VNA) – A report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was […]
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