ASIAN currencies began the week on a mixed note on Monday after a rescue plan for Credit Suisse materialised over the weekend, while simmering concerns over the health of the global financial system dampened sentiment. The Malaysian ringgit and Philippine peso appreciated 0.1% each, while the Indonesian rupiah and Singapore dollar weakened 0.2% and 0.1%, […]
Read MoreMANILA, Philippines — Interest rate hikes, injected by the Bangko Sentral ng Pilipinas to tame inflation, boosted Philippine National Bank’s earnings in 2022. In a disclosure sent to the Philippine Stock Exchange on Monday, PNB noted its net income rose 19% year-on-year to P11.6 billion in 2022. Net interest income inched up 7% on-year to […]
Read MoreKUALA LUMPUR: Foreign investors remained net purchasers of Malaysian Government Securities (MGS) and Government Investment Issues (GII) for the fourth straight month in February, generating an inflow of RM5 billion, almost double the RM2.7 billion in January. RAM Rating Services Bhd said the overall fund inflow surged to RM4.3 billion in February compared with RM498.3 […]
Read MoreKUALA LUMPUR: Malaysia recorded trade growth of 11% to RM204.99bil in February 2023 from the same month in the previous year as both export and import values rose to their highest for the month. In a statement, the Ministry of International Trade and Industry (Miti) said the country’s exports rose 9.8% to RM112.28bil on the […]
Read MoreLaos registered the first ever trade surplus of 2023 in February, when exports were worth US$505 million and imports were worth US$457 million. Total two-way trade for the month stood at US$962 million and the surplus was US$48 million, according to the latest figures unveiled on March 16 by the Lao Trade Portal under the […]
Read MoreHighlights from the Asian Economic Integration Report 2023 (AEIR) by the Asian Development Bank (ADB) show that nations in the Asia and Pacific region are seeing the effects of tightening monetary policies as countries try to tackle inflation. According to the report, although Asia’s trade volume remains strong, many advanced economies are tightening their monetary policies to […]
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Thailand
