Showing 1 - 10 of 15
OPEC+ Delays Production Increase Following a Drop in Oil Prices.
Published on 18/09/2024
» The average price of ICE Brent crude oil in Q3 2024 (from July 1 to September 9, 2024) was $80.4 per barrel, down from an average of $84.9 per barrel in Q2 2024. This decline is attributed to OPEC+’s planned increase in crude oil production by 180 KBD per month from October to December 2024, and by 213 KBD per month from January to September 2025. (Previously, OPEC+ had voluntarily reduced production by 2.2 million barrels per day.) Additionally, demand declined as the US driving season ended, and the political situation in Libya stabilized. However, on September 5, 2024, eight OPEC+ members announced a two-month delay in the production increase plan.
China new home prices fall at fastest pace in over 9 years
Reuters, Published on 14/09/2024
» BEIJING - China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector.
Bank of Thailand holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.
Bank of Thailand to adjust rates amid changes: deputy chief
Reuters, Published on 23/04/2024
» WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.
Malaysia c.bank raises interest rate in surprise move
Published on 11/05/2022
» KUALA LUMPUR: Malaysia's central bank unexpectedly raised its benchmark interest rate from a historical low on Wednesday, as rising commodity prices, strained supply chains and strong demand conditions fanned inflationary pressures.
Bank of Thailand: More than one solution
Business, Pathom Sangwongwanich, Published on 03/03/2020
» Concerns over the economy entering a technical recession have overshadowed the importance of addressing possible adverse effects on employment from the Covid-19 outbreak, says the Bank of Thailand.
BoT: Overseas investment ceilings to rise
Published on 04/10/2019
» In the face of a strong baht that has been Asia’s best performing currency this year, the Bank of Thailand will further relax rules on capital outflows before the end of the year, says governor Veerathai Santiprabhob.
BoT urges time frame
Business, Published on 07/03/2018
» Thailand's central bank should consider a time frame this year for monetary policy tightening, with the economy likely to grow by at least 4%, says Paiboon Kittisrikangwan, deputy governor of the Bank of Thailand.
Philippine growth story to continue in Q1
Reuters, Published on 17/05/2017
» MANILA -- The Philippine economy likely sustained its strong growth momentum in the first quarter on recovering farm output and exports and higher government spending, supporting the case for the central bank to tighten monetary policy this year.
Trump comments, 'hard Brexit' talk depress stocks
Business, Published on 23/01/2017
» Recap: Donald Trump's comment that the US dollar was too strong and blunting the country's competitiveness rattled global stock markets last week, as did fears over the impact of a "hard Brexit" as outlined by British PM Theresa May. As well, confusion about Mr Trump's political and economic agenda made investors step back from risky assets ahead of his inauguration on Friday. The Thai stock market tracked the global trend, but the magnitude of its fall was limited.