The national shippers’ group stated on Tuesday that they anticipate an increase in exports of between 6% and 8% this year, which is an increase of between 5% and 8% higher than the previous forecast of a 5% to 8% increase. This is due to the weakening of the baht as well as an increase in demand from around the …

CHINA: After months of brutal Covid lockdowns, China’s economy had its worst quarterly performance in more than two years. The world’s second-largest economy’s gross domestic product grew by just 0.4% in the three months ending June 30 this year compared to the same period last year, according to NBS data released on Friday. Reuters polled economists had predicted a 1% …

SRI LANKA: President Gotabaya Rajapaksa appears to have finally succumbed to Sri Lanka’s economic problems. Protesters attacked the president’s official residence and set fire to the prime minister’s house in Colombo on Saturday, and parliamentary speaker Mahinda Rajapaksa stated on Saturday that Rajapaksa will stand down on Wednesday (July 13). Opposition protests have long called for the resignation of Rajapaksa, …

MANILA: At its August meeting, the Philippines central bank is prepared to hike its policy interest rates by 50 basis points and follow up with further policy measures to manage inflation and fight currency depreciation, the country’s central bank governor said on Thursday. There are “strong depreciation pressures” on the peso spurred by a hawkish tone from the U.S. Federal …

Coordinating Ministry for Political, Legal, and Security Affairs ( Kemenpolhukam) Mahfud Md said that next month Indonesia is facing a “near-certain recession”. “Meanwhile, economic life continues to decline. Next month it is almost certain that there will be an economic recession in Indonesia 99.9%,” said Mahfud when giving a speech at the Yogyakarta artists and cultural gathering event at Warung …