The Thai economy is expected to expand by 3.5% based on an export recovery and domestic public spending this year, with momentum set to continue next year, raising growth to 3.6%, says the Asian Development Bank (ADB). “A sustained recovery in major economies, robust domestic consumption and the continued implementation of large public infrastructure projects […]
Read MoreJAKARTA (REUTERS, BLOOMBERG) – The current policy stance of Indonesia’s central bank is tilted toward neutral, a senior official said after Bank Indonesia (BI) decided to keep its key policy rates unchanged on Thursday. Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 per cent. The bank lowered rates six […]
Read MoreWeeks after Indonesia reported netting more than US$10 billion from a tax amnesty, the Philippine government said it’s mulling a similar move. Implementing it may not be that easy. In Indonesia, the amnesty gave individuals a reprieve from prosecution if they came clean on unreported income or hidden assets abroad. The Philippines is considering a […]
Read MoreHCM CITY — With their limitations in terms of capital, management, technologies and brand building, Vietnamese small and medium-sized enterprises (SMEs) need support to stay afloat amid the country’s global integration, according to the Vietnam Retailers Association (VRA). Speaking at a seminar titled “Brand Story” in HCM City on Thursday, Dinh Thi My Loan, chairwoman […]
Read MoreADB forecasts 3.5% growth for Thailand in 2017, but the country is still on subpar growth when compared with its Southeast Asian peers The Asian Development Bank (ADB) forecasts Thailand’s economic growth at 3.5% this year, with export growth stated as the main factor of recovery. Developing Asia has continued to perform well, even as […]
Read MorePhilippine monetary authorities are ready to deploy macroprudential measures to address potential tightness in funding conditions as well as strong capital outflows due to shocks from interest rate hikes in the US and tensions in the Korean Peninsula. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. told The STAR the central bank could adopt sound […]
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Thailand
