Bank of Thailand governor reaffirms Thailand taking ‘gradual and measured approach’ to economic recovery
He said Thai economic conditions differed from those in other countries, so Thailand did not need to adopt the same measures.
Economic Affairs
Holiday spending reflects upturn in China’s consumer market
Local governments have come up with diversified measures to boost culture and tourism consumption.
Malaysia not headed towards a currency crisis: Finance Minister
The minister said the nation’s economic fundamentals remained positive despite the challenges to the global economy brought about by the Covid-19 pandemic.
Yen weakens past level of 145 a dollar, sterling pares gains
The fall came after Finance Minister Shunichi Suzuki’s comments that Japan stood ready for “decisive” steps in the foreign exchange market.
Nighttime offers profitable opportunities in China
About 60 per cent of consumption in China takes place at night, according to a report on urban residents' spending habits,
China’s manufacturing PMI up in September
The sub-index for production showed that it reached 51.5 in September, up 1.7 points from the previous month.
China’s economy to stay resilient: ADB
In the short term, however, the Chinese economy and other economies are facing headwinds.
Good news, bad news for Malaysia’s economy
While a weaker ringgit made Malaysian exports attractive and benefited exporters, it was also equally valid that the nation would eventually import less.
Cambodia set for multi-million dollar oil payday in Oct
Ministry secretary of state Meng Saktheara had earlier estimated that Cambodia’s share of the sale was expected to amount to “more than $25 million”.
Wage growth inevitable, but cannot outstrip productivity: Singapore DPM
Keeping wage increases sustainable could mean that salaries do not keep pace with higher costs of living in the short term, said Mr Wong.