KUALA LUMPUR: Malaysia recorded an inflation of 4.3% year-on-year (y-o-y) in September, the highest since March, mainly due to the rise in transportation costs and prices of food and non-alcoholic beverages. According to the latest figures released by the Statistics Department on Friday, transportation costs in September rose significantly by nearly 15.8% y-o-y, the highest […]
Read MoreMANILA, Philippines — The Philippines has now tied Vietnam in terms of labor cost attractiveness for manufacturing companies, according to Japanese investors, but the country still has a slight competitive advantage over its regional peers due to the set of incentives provided by the Philippine Economic Zone Authority (PEZA). “We observe that labor cost is […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) expects Indonesia`s economic growth in the third quarter to improve from the previous quarter. The overall economic growth for this year is estimated to be higher than the initial projection of 5.0 to 5.4 percent and will increase to 5.1 to 5.5 percent by 2018. Bank Indonesia’s head of economic and monetary policy […]
Read MoreWhile seen as positive, Nay Pyi Taw’s proposed change of fiscal year alone cannot address the lack of flexibility in the annual budgeting process, according to businesses. The adoption of multi-year budgeting should be adopted instead. Lawyers, investors and financiers told The Myanmar Times that while changing the fiscal year could bring some advantage to the economy, […]
Read MoreThe Bank of Thailand will maintain its inflation target band of 1-4% for next year on expectations that inflation will fall back to the lower band by mid-2018, says governor Veerathai Santiprabhob. “Currently, our forecast still points to [headline] inflation reaching the target band in early to mid-2018, so there’s no need to change the […]
Read MoreTEMPO.CO, Jakarta – The government has decided to increase the cigarette excise tariff by 10.04 percent, which will be enforced on January 1, 2018, Finance Minister Sri Mulyani Indrawati said Thursday, October 19. According to Sri Mulyani, the government had taken several factors into considerations before deciding to increase the excise tariff hike. One of them is an aspiration from […]
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