Bank of Thailand governor Veerathai Santiprabhob has acknowledged the possibility that the US will add Thailand to a watch list for currency manipulation because of a high current account surplus, but not for stepping into the foreign exchange market for trade advantages. Thailand has no policy of currency intervention to gain a trade advantage, he said, […]
Read MoreKUALA LUMPUR: Malaysia’s economy performed above expectations in the first quarter of 2019 (1Q19) and the country’s foreign investments staged a strong improvement, amid elevated external challenges. However, despite these positive developments, more warnings signs on the economy have begun to crop up. The country’s gross domestic product (GDP) grew 4.5% year-on-year (y-o-y) in the […]
Read MoreMANILA, Philippines — Singapore is ready to accept agricultural exports coming from the Philippines after successful sanitary inspections of several poultry and hog farms. Agriculture Secretary Emmanuel Piñol said Singapore is now open to receiving the initial shipment of table eggs, chicken, pork and vegetables from the Philippines after the recent on-site inspection of technical […]
Read MoreThe World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. For in depth analysis of Cambodian Business, visit Capital Cambodia The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of […]
Read MoreMANILA, Philippines — The likely entry of more administration allies in the Senate ensures policy continuity during the remainder of President Duterte’s six-year term and is seen to ease the passage of economic reforms, financial experts said. “The strong performance by Duterte’s supporters in the midterm elections should lead to further progress on pushing through […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) on Thursday lowered its GDP growth forecast to 3.5% from February’s 3.8% view, blaming the deepening US-China trade row’s impact on Thai exports. Thanavath Phonvichai, vice-president for research at the UTCC, attributed the cut to six key risk factors: the intensifying trade war between the US and China; […]
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