DIRS.INFO The most relevant business & tech news

BANGKOK (AP) — The younger son of ousted Myanmar leader Aung Sang Suu Kyi says he has always avoided talking to the media, but this time is different. He’s increasingly worried about his imprisoned 78-year-old mother’s health and about Myanmar's violent political crisis, which he calls desperate. But the situation in Burma at the moment is absolutely desperate,” he said, referring to Myanmar by its former name. “She was suffering from bouts of dizziness and vomiting and couldn’t walk at one stage.”Aris said his information comes from independent Myanmar media and social media. They wouldn’t even answer the door to me.”It’s not the first time Suu Kyi has faced confinement.

Persons: Aung, Suu Kyi, He’s, “ I’d, ” Kim Aris, She’s, “, I’ve, ”, ” Aris, ” It’s Organizations: Associated Press, Aris, Myanmar, National League for Democracy Locations: BANGKOK, Myanmar, London, Burma, Yangon

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez Acquire Licensing RightsSept 12 (Reuters) - The Panama Canal could further reduce the maximum number of vessel transits authorized per day if a drought that has hit the waterway this year continues, its administrator said on Tuesday. In a move to ease the bottleneck of ships waiting, the canal has recently changed its reservation system to allow more non-booked vessels to pass and to give priority to the ships waiting the longest. The head of the Panama Canal Authority, Ricaurte Vasquez, said the waterway would opt for reducing daily transits if needed, before planning any further cut to authorized vessel draft, which affects shippers the most. PROLONGED DROUGHTVasquez said that even though this drought has not been the most severe Panama has ever seen, it could be very long.

Persons: Aris Martinez, Vasquez, Ricaurte Vasquez, Marianna Parraga, Gary McWilliams, Timothy Gardner Organizations: Monrovia NSU CHALLENGER, REUTERS, Aris, Panama Canal Authority, Thomson Locations: Cocoli, Panama, Panama City, Pacific

☆ Aung San Suu Kyi's son 'extremely worried' about his mother's health
▼ + stars: | 2023-09-12 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

Kim Aris, the son of Myanmar's detained former leader Aung San Suu Kyi, attends an interview at Reuters' office in London, Britain, September 11, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsLONDON, Sept 12 (Reuters) - The son of Aung San Suu Kyi, Myanmar's detained former leader, said he was "extremely worried" about his mother's health, saying she was struggling to eat and was being refused permission to see an outside doctor. Suu Kyi is facing 27 years of detention related to 14 criminal offences. In August the military pardoned Suu Kyi on five of the 19 offences for which she was convicted but said she would remain under house arrest. State media reported she had been moved from jail to house arrest shortly before.

Persons: Kim Aris, Myanmar's, Aung San, Aung San Suu Kyi, Alishia, Aung, Suu Kyi, Suu Kyi's, Suu, Aris, Andrew MacAskill, Alexandra Hudson Organizations: Reuters, REUTERS, Aris, European, Britain, Alexandra Hudson Our, Thomson Locations: Aung San Suu, London, Britain, Suu, Myanmar, United States, European Union

BANGKOK (AP) — Myanmar’s imprisoned former leader, Aung San Suu Kyi, is suffering from symptoms of low blood pressure including dizziness and loss of appetite, but has been denied treatment at qualified facilities outside the prison system, a medical worker said Thursday. Separately, a military officer who also insisted on anonymity confirmed a report by the BBC’s Myanmar-language service that Suu Kyi was suffering a severe toothache that left her unable to eat and caused vomiting. However, the ruling military council’s spokesperson, Maj. Gen. Zaw Min Tun, said Suu Kyi was in good health, the report said. Not only are details about Suu Kyi’s health unclear, but even her exact whereabouts are not publicly known. Appeals of Suu Kyi’s convictions are still being processed on charges including election fraud, breaching the official secrets acts and six other corruption allegations, legal officials have said.

Persons: — Myanmar’s, Aung, Suu Kyi, Zaw Min Tun, Suu, Kim Aris, “, Min Aung Organizations: BBC, AP Locations: BANGKOK, Suu, Myanmar, Zaw, Britain, Naypyitaw, Yangon

☆ Opinion | A Progressive James Bond Is Proof of American Cultural Imperialism
▼ + stars: | 2023-09-06 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

(The cruelty and neglect at these schools was real but the specific claims about graves at the B.C. school have outrun the so-far scanty evidence.) The first is a general tendency of provincial leaders to go overboard in establishing their solidarity and identification with the elites of the imperial core. The second point is the role of secularization and de-Christianization, which are further advanced in the British Isles and Canada than in the United States. Then the third point is that smaller countries with smaller elites can find it easier to enforce ideological conformity than countries that are more sprawling and diverse.

Persons: Ed West, it’s, tastemakers, Aris Roussinos, ” Organizations: Canadian, “, British Isles, Christianity’s, Republican, Laurentian Locations: Canada, British Columbia, British, Ottawa, London, Rome, Europe, United States, Britain, America, Westminster

☆ Panama Canal water levels at historic lows, restrictions to remain
▼ + stars: | 2023-09-06 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

Bahamian LOS ANGELES SPIRIT crude oil tanker is pictured during its transit in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The authority that manages the canal added in a statement that this week's ship traffic represents a "normal" level for this season. It noted that a month before the end of its 2023 fiscal year, the canal's total vessel crossings already total nearly 800 more that what the canal authority's budget had forecast. Each vessel passing through the 50-mile (80-km) trans-oceanic waterway uses some 51 million gallons (193 million litres) of water from the lake. They argue that a potential early start to Panama's dry season and hotter-than-average temperatures could increase evaporation and result in near-record low water levels by April.

Persons: Aris Martinez, Eli Moreno, Brendan O'Boyle, Marianna Parraga, David Alire Garcia, Michael Perry Organizations: REUTERS, Aris, PANAMA CITY, Pacific, Thomson Locations: Cocoli, Panama, Panama City, PANAMA

The Liberian MSC UNITED VIII container ship transits in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The Panama Canal Authority last week opened two additional slots per day for vessels without booking to transit to help clear bottlenecks on both sides of the interoceanic corridor. As of Tuesday, 125 booked and non-booked vessels were waiting to pass, down from more than 160 ships two weeks ago, according to official numbers. However, the average wait time for vessels to pass has risen to between 10 and 11 days this month, from 6-7 days last month. The waiting surpasses 17 days for cargo vessels and liquefied petroleum gas carriers, and is almost 13 days for tankers.

Persons: Aris Martinez, Gustavo Petro, Andres Manuel Lopez Obrador, Abe Eshkenazi, Elida Moreno, Marianna Parraga, Marguerita Choy Organizations: Liberian MSC UNITED, REUTERS, PANAMA CITY, Panama Canal Authority, Reuters, Tuesday, Panama, U.S, U.S ., Association for Supply Chain Management, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, South America, Europe, China, U.S . West Coast, Chicago, Houston

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ UEFA Super Cup: Manchester City wins title for first time in its history after penalty shootout victory over Sevilla
▼ + stars: | 2023-08-17 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Manchester City struggled but ultimately won the UEFA Super Cup for first time in its history on Wednesday night after a penalty shootout victory over Spanish club Sevilla. The win continues the club’s remarkable success over the past 18 months, having won the Premier League, FA Cup and Champions League last season. Manchester City players celebrate on the podium after winning the UEFA Super League. However, City was made to work for the Super Cup victory, struggling to break down a stout Sevilla defense. The manager made it so clear to us before the game how much he wants this trophy,” City midfielder Grealish said.

Persons: –, Youssef En, Nesyri, Cole Palmer, Sevilla’s Nemanja Gudelj, I’ve, Pep Guardiola, Palmer, Claudio Villa, Erling Haaland, Julian Álvarez, Mateo Kovačić, Jack Grealish, Kyle Walker, Grealish, “, They’ve, We’ve, ” City’s Organizations: CNN, Manchester City, UEFA, Spanish, Sevilla, The Premier League, League, Europa League, City, Premier League, FA, Arsenal, FIFA Club, UEFA Super League, Aris Messinis, Getty, Croatia, ”, Premier Leagues, Newcastle United, La Liga, Alavés Locations: Athens, Greece, Saudi Arabia, AFP, City, Sevilla, Rodri, ” City

☆ UEFA's Ceferin calls on Europe to end "cancer" of soccer violence
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Soccer fans detained following violent clashes between AEK Athens and Dinamo Zagreb soccer fans, that lead to the death of a man, are taken to a magistrate, in Athens, Greece, August 11, 2023. "This is the cancer of football and those are not football fans," Ceferin said. "Violence and hooliganism are not only a Greek problem," he said adding European countries, institutions and media had to work together to help end football violence. Greece has made repeated efforts to reform soccer, which has been plagued by violence on and off the pitch. Mitsotakis said that Greece was exploring a further tightening of rules to help end violence at sporting events.

Persons: Louiza, Alexander Ceferin, Kyriakos Mitsotakis, Ceferin, Michalis Katsouris, George Gerapetritis, Mitsotakis, Renee Maltezou, Pritha Sarkar Organizations: Soccer, AEK Athens, Dinamo Zagreb soccer, REUTERS, Rights, UEFA, Dinamo Zagreb, Greek, AEK, Croatian, Aris Thessaloniki's, Thomson Locations: Athens, Greece, Europe, Croatia

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal is important for moving consumer goods from Asia to the United States, especially ahead of peak selling seasons like Christmas. The Canal also is maintaining a suspension of extraordinary auctions for transit slots in both locks through Sep. 2. "Demand remains high, which proves that the Panama Canal is still competitive in most segments, even with measures taken to save water," the authority added. The Panama Canal has a 40%-market share of containers moving from Northeast Asia to the U.S. East Coast.

Persons: Aris Martinez, Elida Moreno, Marianna Parraga, Gary McWilliams, Grant McCool Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, Canal Authority, U.S ., Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, United States, South, Pacific Coast, Northeast Asia, U.S . East Coast

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File PhotoPANAMA CITY, Aug 10 (Reuters) - The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday. The canal, however, in June postponed further restrictions that would have required ships to lighten their loads to more easily pass. The bottleneck of vessels waiting to pass, however, has grown, prompting logistics and supply chain experts to predict more disruptions. Still, the bottleneck will not fall as hard on shippers as pandemic-era mishaps, including the Suez Canal blockage in 2021, according to shipping firms and customers.

Persons: Aris Martinez, Ricaurte Vasquez, Anatol Feygin, Rolf Habben Jansen, Lloyd, Elida Moreno, Marianna Parraga, Lisa Baertlein, Marguerita Choy Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Reuters, El, El Nino, Walmart, Cheniere Energy, Thomson Locations: Cocoli, Panama, Panama City, China, El, Suez

☆ Panama Canal seen losing $200 mln next year as ship crossings dip
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. Specifically, between 30 and 32 ships are expected to cross daily during the new fiscal year which starts in October, said canal administrator Ricaurte Vasquez at an event. That compares to the 36 to 38 ships that transit the waterway when it operates at full capacity. The $200 million cut would reduce the canal's revenues for the 2023-2024 fiscal year to $4.9 billion. Panama typically sees heavy rains in July, and the canal authority has called the lack of precipitation "historically unprecedented."

Persons: Aris Martinez, Ricaurte Vasquez, Elida Moreno, David Alire Garcia Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Thomson Locations: Cocoli, Panama, Panama City

LONDON, Aug 2 (Reuters) - A partial pardon by Myanmar's ruling military of jailed former leader Aung San Suu Kyi means "absolutely nothing", her younger son said on Wednesday, calling on Western governments to do more to step up pressure on the junta. Myanmar has been in turmoil since early 2021, when the military overthrew Suu Kyi's elected government and cracked down on opponents of military rule, with thousands jailed or killed. Suu Kyi had won a 2015 election, held as part of tentative military reforms, and her party won again in 2020, before the military complained of election fraud. Kim Aris, the son of Myanmar’s detained former leader Aung San Suu Kyi, poses for a portrait at the Reuters office in London, Britain, August 2, 2023. "But I do not see that this will actually result in any dialogue," he said of Suu Kyi's partial pardon.

Persons: Myanmar's, Aung San Suu, Kim Aris, Suu Kyi's, Suu Kyi, Michael Aris, Myanmar’s, Aung San, Aung San Suu Kyi, Dylan Martinez, I've, Aung, Suu, Sachin Ravikumar, Nick Macfie Organizations: Reuters, Aris, REUTERS, National Unity Government, Thomson Locations: British, London, Myanmar, Aung San Suu, Britain, Aung San, U.S

☆ Drought-hit Panama Canal further restricts maximum ship depth
▼ + stars: | 2023-06-22 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File PhotoPANAMA CITY, June 21 (Reuters) - The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world's busiest trade passages, the canal authority's administrator said on Wednesday, citing shallower waters due to drought. Ship traffic, including container ships and oil tankers, using the canal between the Atlantic Ocean and Pacific Ocean accounts for about 3.5% of global trade. Despite the new rules limiting ships' weight, Vasquez said the flow of ships through the canal has carried on as expected so far. The limits will not affect liquefied natural gas (LNG) carriers, as they typically report drafts of up to 37 feet, according to the canal authority.

Persons: Aris Martinez, Ricaurte Vasquez, Vasquez, Eli Moreno, Kylie Madry, Sonali Paul Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Central, Reuters, Port, El Nino, Thomson Locations: Cocoli, Panama, Panama City, Central American, El

☆ Climate crisis: Russia's war in Ukraine is undermining global efforts to tackle emissions, new report finds
▼ + stars: | 2023-06-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The report, titled Climate Damage Caused by Russia’s War in Ukraine, follows on from a first interim assessment presented at the UN COP27 climate conference in November 2022. Nearly 22 million metric tons of planet-heating pollution came from warfare, almost 20% of the total emissions attributable to the conflict, the report found. “We probably will only be able to really get a more accurate estimate once the war is over,” de Klerk said. “The biggest chunk of the emissions are still in the future reconstruction of Ukraine,” de Klerk said. The report authors even calculated the extra planet-warming pollution created by airlines rerouting flights to avoid Russian and Ukrainian airspace.

Persons: “, ” Lennard, Klerk, It’s, ” de Klerk, Leah Millis, de Klerk, James Appathurai, ”, Rachel Kyte Organizations: CNN, UN, Firefighters, Reuters, Aris Mssinis, Getty, Global, Fletcher School, Tufts University, “ Locations: Ukraine, Belgium, Russia, Nemyshlianski, Kharkiv region, Russian, Avdiivka, Donetsk, AFP, Europe, Ukrainian

☆ Ukrainians with cellphones and machine guns are forcing Russia to change how it launches its drone attacks
▼ + stars: | 2023-05-08 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Ukraine's flexible and adaptive air defenses have forced Russia to change its drone tactics. STR/NurPhoto via Getty ImagesThis marks yet another turn in the drone war between Russia and Ukraine. In the days after Russia invaded in February 2022, Ukrainian drones armed with anti-tank missiles or even homemade bombs wreaked havoc on Russian armored columns. "Drip-feeding lots and lots of Shaheds for several months" also depleted Ukraine's stockpile of air-defense missiles and shells, Bronk said. STR/NurPhoto via Getty Images"The Orlan is one of the biggest problems because it can fly above the range of" portable air-defense missiles and anti-aircraft guns, Bronk said.

☆ Russia's newest army corps lost many of its tanks in an offensive because it simply copied tactics that failed in the past, UK intel says
▼ + stars: | 2023-03-28 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russia's new army corps is losing tanks at a fast rate as it tries to encirle Avdiivka, the UK said. And that's because it's repeating tactics that have failed Russia's military in the past, according to UK intelligence. Avdiivka is a town in the Donetsk region of eastern Ukraine, which the UK MOD said Russia has recently made a priority. Videos show Russian tanks and armored vehicles being blown up by mines and anti-tank missiles in and around Vuhledar. The UK MOD said that the 3rd Army Corps has been "particularly dogged by problems with ill-discipline and poor morale," referencing open-source accounts.

☆ Ukraine wants to win China over as Russia's invasion continues. Some say it shouldn't bother trying
▼ + stars: | 2023-03-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen head toward Bakhmut in a BMP infantry fighting vehicle, in eastern Ukraine on March 22, 2023. The Kremlin said Wednesday that Ukraine's "peace formula" had not been discussed by Xi and Putin. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. "I'm not confident that China's plans, and 12-point peace plan, is good for Ukraine — I think that this is a very bad deal for Ukraine, and that this is a plan for Russia. The proposed peace plan and latest talks between Xi and Putin offer little tangible substance on how a lasting peace could actually be achieved in Ukraine.

☆ There are whispers on Capitol Hill of a rare bipartisan effort to overhaul Social Security as the program is set to go broke in less than 10 years
▼ + stars: | 2023-03-01 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

A group of senators is considering a sovereign wealth fund (SWF) to prevent Social Security insolvency, Semafor reported. A SWF is a government-backed investment fund, and its profits would be used to pay Social Security benefits. In this case, such investments would be used to fund Social Security payments. The goal is, members of the group told Semafor, for Social Security to be solvent for 75 more years, at least. "Although the final framework is still taking shape, there are no cuts for Americans currently receiving Social Security benefits in our plan.

☆ 'I really want to go back to fight:' A wounded Ukrainian soldier reflects on his recovery
▼ + stars: | 2023-02-24 | by ( Amanda Macias | ) www.cnbc.com time to read: +8 min

The 6-foot-3-inch Ukrainian marine smiled and extended his right arm, a lightweight fusion of silicon, carbon fiber composites and thermoplastic. In a separate conversation with CNBC, Revived Soldiers Ukraine President Iryna Discipio said the effort to aid wounded soldiers "is extremely important." "I was in this sort of dark basement shelter with other wounded soldiers. "At that facility, there was one side for the [uninjured] imprisoned, another for wounded Ukrainian soldiers and a separate area for injured Russian soldiers." Russian troops staying in the hospital who could move on their own were allowed access to the open room where wounded Ukrainian soldiers were kept.

☆ 'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons companies
▼ + stars: | 2023-02-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Mohammed Zarandah | Anadolu Agency | Getty ImagesFew things illustrate the health of the arms industry like a massive defense fair. Indeed, many countries are ramping up their defense spending to unprecedented levels. On top of that, U.S. military spending on Ukraine alone hit nearly $50 billion in the last year. China and Saudi Arabia also set respective records for their own governments' defense spending in 2022, despite inflation, giving no indications of slowing down. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.

☆ European militaries are emptying their arsenals to send heavy-duty howitzers to Ukraine
▼ + stars: | 2023-02-13 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The US and European countries have sent scores of artillery pieces to Ukraine. Estonia has promised to transfer all 24 of its FH-70 towed 155 mm howitzers. But at least the US and large European militaries, like Britain, France, Germany, or even Sweden, have sufficiently large arsenals to send weapons to Ukraine while still retaining some equipment for their own forces. For example, the US is scrambling to boost production of 155 mm artillery shells as Ukraine fires up to 7,000 shells a day. But expanding manufacturing capacity for artillery shells may take years, while the artillery pieces themselves may not even be in production anymore.

☆ Panama not willing to expand First Quantum's copper mine operations
▼ + stars: | 2023-01-26 | by ( Valentine Hilaire | ) www.reuters.com time to read: +3 min

MEXICO CITY (Reuters) - Panama will not allow Canada’s First Quantum to expand the area of its existing copper mining operations, the deputy environment minister told Reuters, stressing the government’s opposition to the firm’s request to use more land. FILE PHOTO: A general view of Cobre Panama mine owned by Canada’s First Quantum Minerals in Donoso, Panama December 6, 2022. Panama’s environmental ministry said that, from the $375 million it was requesting First Quantum pay each year, it aimed to use some $11 million on environmental protection around the mine. The government is reviewing requests for mining concessions in the area from other companies, such as Broadway Strategic Minerals Panama and Exploraciones Geologicas. Asked about those requests for concessions, Laguna said the Cobre Panama mine itself was already large enough and authorities needed to concentrate now on mitigating its environmental impact.

☆ Thai c.bank to raise rates 25 bps, tourism to bolster growth: Reuters poll
▼ + stars: | 2023-01-23 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is expected to keep tightening policy for awhile longer. Twenty-one of 23 economists polled by Reuters expected the BOT to raise its benchmark one-day repurchase rate (THCBIR=ECI) by 25 basis points (bps) to 1.50% on Jan. 25. This gives the BOT room to continue hiking rates, to continue anchoring inflation expectations." The poll median showed the central bank would then raise borrowing costs by another 25 bps, taking it to 2.00% by end-September. "The combination of improving growth prospects and still-elevated inflation gives the central bank room to continue reducing policy accommodation."

Search resuls for: "ARIS"

25 mentions found