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Boonsithi Chokwatana urged the government to have a policy for the baht's depreciation to support troubled exporters and small and medium-sized enterprises. He anticipates an economic slowdown next year, due largely to an expected contraction in the
Korea's short-term foreign debts continue to fall in Q3 2013-11-20 01:40:40 S. Nov. 20 (Xinhua) -- South Korea's short-term foreign debts continued to fall in the third quarter, leading to the lowest portion of such debts in more than 14 years,
China's asset bubble increasingly depends on financing from the shadow banking system. The carry trade borrowing dollar loans at low interest rates offshore and converting the loans into yuan, either disguised as foreign direct investment or export
In the course of its recently concluded Pakistan visit, the International Monetary Fund (IMF) revealed that Pakistan will have to borrow an additional $2 billion on war footing due to a major loophole in the design of the $6.7 billion bailout package.
Business News Bank Indonesia (BI) has hinted that it might tolerate a weaker rupiah as the central bank argued that a somewhat bearish currency might be needed to strengthen the country's external position...After our current account improves, then
Indonesian economy sees weakest growth in four years Higher interest rates and higher transportation costs curbing Indonesia's economic growth Indonesia's economy expanded at its weakest rate in four years in the third quarter as a result of slowing
Don't look now, but another Asian crisis may be brewing courtesy of the U.S...A paper recently published by the Bank of International Settlements a multilateral club of monetary authorities that includes the Fed as a member noted that central bank
The International Monetary Fund denied Thursday that it favored a tax on the wealthy to reduce public deficits, as suggested by a recent IMF report. "We're not recommending a wealth tax, it's an analytical work," IMF spokesman Bill Murray said at a
Opinion News If you believe that all politics is local, you will have to apply that to economics as well. Bank of Thailand Governor Prasarn Trairatvorakul spoke at a Harvard gathering recently about why what happens in the "emerging markets" matters.
During the first half of 2013, the region's economies underperformed relative to the International Monetary Fund's April projections, owing to tepid demand from advanced economies, a slowdown in China, as well as some softening in domestic demand.