SINGAPORE: International Monetary Fund economists said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Chief economist Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts these forces prompted the […]
Read MoreJakarta. The ASEAN Business Advisory Council, or ASEAN BAC, is planning to work on integrating their respective countries’ QR code payment systems, according to the grouping’s 2023 chair Indonesia. The Indonesian Chamber of Commerce and Industry (Kadin) this year is chairing the ASEAN BAC — the business forum of the Southeast Asian bloc. Kadin chairman Arsjad […]
Read MoreMANILA, Philippines — Inflation rates are likely to be back on target in Asia by the third quarter, with fuel prices seen to decline further and food prices expected to ease, according to think tank Oxford Economics. “Ebbing supply-side shocks and demand-side weakness mean headline inflation is likely to fall sharply in Asia over H1 […]
Read MoreMANILA: Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months. Policymakers in Indonesia, Philippines and Thailand will each raise borrowing costs by a total half-point in the coming months before reaching their […]
Read MoreAs experts forecast tourist arrivals in Southeast Asia will grow beyond pre-pandemic numbers in the next two years, could Asean maximise the benefits of this trend by removing barriers to travel within the region? Recognising the potential impact the sector could have on economic development, tourism has been a key area of cooperation among member states […]
Read MorePARIS, France — World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday. Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and […]
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Thailand
