The price of gold has been steadily climbing over the past few months, hitting an all-time high of over $2,000 per ounce in early August. However, recent news of positive US jobs growth has lifted the value of the dollar and caused the price of gold to fall below $2,000. This development has sparked concerns … Read more
As one of the fastest-growing economies in Southeast Asia, Indonesia has been experiencing significant growth in its real estate and property sector. In fact, it’s been reported that real estate and property contribute to 14.63% of Indonesia’s GDP. This is a major indicator of the country’s consumer and investor confidence, as well as its ability … Read more
WTI crude futures fell after China set its economic growth target for this year at around 5%, below market expectations of 5.5%, fueling concerns that it will hurt demand from China. which is the world’s second largest oil consumer At 6:05 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in April. which … Read more
New York: US GDP growth slowed to 2.7 percent in the last quarter of 2022 (October-December). The Commerce Department had earlier claimed that it had grown by 2.9 percent. The GDP growth rate was revised down following a revision in consumer spending. Meanwhile, the total GDP growth rate for 2022 is unchanged (2.1 percent). The … Read more
Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending … Read more
The SET closed today at 1,664.57 points, a decrease of 4.60 points (-0.28%), trading value of 58,917.38 million baht. Revealing that the Thai stock market has declined today under pressure to sell DELTA and MAKRO shares, pulling the index about 3 points due to individual factors. While the investment atmosphere in Asian markets is negative … Read more
TEMPO.CO, Jakarta – Former Minister of Finance Muhammad Chatib Basri revealed several discussions at the 2023 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, particularly regarding new developments in the global economy. He again said that the probability of a recession against Indonesia is still relatively small. “What Indonesia needs to anticipate is a … Read more
Inflation fell Inflation remains a major challenge for many countries in the world. As for the Gulf region, although it recorded last July its highest level in 11 years at 4.8%, the inflation rate fell to 4% in November, and is expected to continue its decline to 2.7% in 2023. PwC says that there are … Read more
The Shanghai Composite Index, China’s stock market, opened slightly higher. While investors keep an eye on the release of China’s gross domestic product (GDP) figures for the year 2022 as well as the fourth quarter 2022 GDP figure on Tuesday, January 17, at 9:00 a.m. Thai time. The Shanghai Composite Index opened at 3,198.52 points, … Read more