Enrico Tanuwidjaja News
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Thailand’s government lowered its full-year growth forecast after the economy expanded less than analysts estimated last quarter, boosting the case for the central bank to cut interest rates.
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Thailand’s onshore interest-rate swaps fell to a one-week low after first-quarter economic growth missed analysts’ estimates, fueling speculation the central bank will cut borrowing costs next week.
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Unilever, the seller of Lipton tea and Dove shampoo, expects Southeast Asia’s currencies to strengthen further against the U.S. dollar and euro in the next few years as foreign investment boosts economic growth.
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Indonesia may raise fuel prices to the same level across all categories instead of revising them by vehicle type in its bid to curb subsidies, a presidential spokesman said.
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Indonesia may raise fuel prices to the same level across all categories instead of revising them by vehicle type in its bid to curb subsidies, a presidential spokesman said as an announcement on the policy nears.
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Indonesia’s economy probably expanded near the slowest pace in more than two years last quarter as a decline in commodity prices hurt exports, adding to signs of easing global growth.
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Indonesia may raise fuel prices next month as policy makers seek to reduce subsidies, Deputy Finance Minister Mahendra Siregar said, predicting confidence in the rupiah will improve as fiscal management is strengthened.
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The Monetary Authority of Singapore will probably retain the existing pace of currency appreciation as lingering inflation limits the scope for policy makers to support subdued growth, a survey of analysts showed.
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Asian currencies rose toward a four-month high, led by the Philippine peso and Malaysia’s ringgit, on optimism regional economies have scope to combat slowdowns by boosting state spending.
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The Philippine peso advanced for a second day, paring a monthly loss, after a government report showed gross domestic product expanded faster than economists estimated in the second quarter.
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