The economy will take a 0.3% hit from an outbreak of the Omicron variant of Covid-19, although it should be managed within the first half of 2022, the Bank of Thailand (BoT) governor said on Tuesday. The BoT has tools ready should the Omicron-driven outbreak last longer than anticipated, Sethaput Suthiwartnarueput told reporters. He said he […]
Read MoreExports this year are expected to rise between 5% to 8%, boosted by strong global demand and a weaker baht currency, the Thai National Shippers’ Council said on Tuesday. The group expects exports in 2021 to have risen 15-16%, it told a briefing. Source: https://www.bangkokpost.com/business/2245727/exports-seen-up-5-8-this-year-shippers
Read MoreMANILA, Philippines — Energy Secretary Alfonso Cusi is urging Indonesia to lift its coal export ban, as the Philippines heavily sources its coal imports from the fellow Southeast Asian country. In a letter addressed to Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, Cusi said Indonesia’s recent policy would be “detrimental to economies that […]
Read MoreThe government of Laos now owns a 60 percent share in Vietnam’s Vung Ang Port, up from its previous 20 percent stake. A share transfer agreement for the Lao government’s 60 percent ownership in Vung Ang Port was revealed during the 44th meeting of the Vietnam-Laos Inter-Governmental Committee on Bilateral Cooperation, held in Hanoi yesterday, […]
Read MoreSINGAPORE – Singapore does not expect persistent, accelerating inflation ahead, and cost pressures are expected to ease gradually over the course of the year, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Tuesday (Jan 11). Addressing several MPs’ questions on inflation concerns and the impact on Singapore’s economy and […]
Read MoreIn October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company. But things changed in early November when the rates showed signs of rising after a very long […]
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