At the government’s meeting on September 22, 2022, he noted that world developments are now complicated and unpredictable. He emphasized that many central banks have raised prime interest rates. “In such conditions, we must not be negligent. We need to take the initiative in grasping the situation, keeping calm and confident, flexible and creative in […]
Read MoreADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation. “Another significant achievement in economic policy in Vietnam has been maintaining macro-economic stability,” Jeffries said. According to him, […]
Read MoreTHE 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 […]
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