2023 June
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Thailand Microeconomic Weekly Update #27
- June 26, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
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Thailand’s industrial confidence index in May 2023 was down from 95.0 to 92.5 due to the slowdown of exports. The Bank of Thailand expects GDP growth to exceed its forecast of 3.6% in 2023 with the economic policies of the new government driving expansion alongside tourism and consumption growth.
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Philippines Microeconomic Weekly Update #36
- June 26, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
BSP Governor Felipe M. Medalla emphasized that the central bank’s decisions would primarily be driven by its inflation target, downplaying the influence of the US Federal Reserve. He also mentioned that a narrower interest rate differential with the Fed does not necessarily lead to peso depreciation
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Philippines Microeconomic Weekly Update #35
- June 19, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
PLDT’s (TEL) start-up e-wallet service, TEL, is aiming to secure USD100-150 mln in new funds this year. TEL, which manages Maya, is presently in talks with foreign investors and anticipates its involvement in the fundraising. A market listing for Maya is under consideration, but the focus remains on enhancing the bank’s fundamentals, especially in deposits, loans, and loan books.
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Thailand Microeconomic Weekly Update #26
- June 19, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
Thailand’s industrial confidence index in May 2023 was down from 95.0 to 92.5 due to the slowdown of exports. The Bank of Thailand expects GDP growth to exceed its forecast of 3.6% in 2023 with the economic policies of the new government driving expansion alongside tourism and consumption growth.
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Philippines Microeconomic Weekly Update #34
- June 13, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
The Philippines saw a boost in manufacturing activity, as indicated by a rise in the S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) to 52.2 from 51.4 in the previous month. This growth can be attributed to increased manufacturing output and factory orders, which were driven by enhanced demand and new clientele. Other positive factors noted by S&P Global include an upswing in hiring and improved vendor performance, leading to reduced delivery times.
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Thailand Microeconomic Weekly Update #25
- June 13, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
Thailand’s headline inflation in May sharply declined to 0.53% which is the lowest in 21 months due to the sharp reduction in fuel costs. While the Consumer Confidence Index in Thailand was at 55.07, increasing for the 12th consecutive month and the highest in 39 months since March 2020. Moreover, the State banks are increasing their interest rates following the Bank of Thailand’s policy rate hike.
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Thailand Microeconomic Weekly Update #24
- June 6, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
Thailand’s exports in April contracted 7.6% year on year (YoY) due to the slowdown of the global economy. This will create the contract of Thailand’s manufacturing production index (MPI) in April by 8.14% from a year earlier.The policy rate in Thailand rose by 0.25% per year from 1.75% to 2.00% per year, with immediate effect.
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Philippines Microeconomic Weekly Update #33
- June 5, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
The Maharlika Investment Fund (MIF) bill, a contentious financial legislation in the Philippines, recently gained approval from the Senate. The bill, which had been certified as urgent by President Ferdinand Marcos Jr., garnered 19 affirmative votes in the Senate, with one vote against and one abstention. After this, Congress can immediately transmit the bill to Marcos for his signature.