Although growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute of Statistics, an expert maintains that the increase in cost of living will have minimal effect on the lives of Cambodians. Chan Sophal, director of the Center for Policy Studies, told […]
Read MoreMANILA, Philippines – Credit Suisse has lowered its gross domestic product (GDP) growth forecast for the Philippines to six percent instead of 6.4 percent this year amid the projected weak private consumption and slower exports. Michael Wan, economist at Credit Suisse, said in the bank’s latest fixed income research titled “Philippines – consumer pains: Turning […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low to end the trading day slightly higher, supported by a weaker ringgit which makes the tropical oil cheaper for holders of foreign currencies. The ringgit, in which palm oil is traded, hovered at 3-week lows during Thursday’s trading session, closing at its intraday low of 4.2855 against the U.S. […]
Read MoreThe Myanmar government urged EU companies to invest in the country’s energy sector as industry insiders noted that gas exploration is one of the biggest opportunities in the power-hungry Southeast Asian country. Xavier Preel, general manager of Total E&P Myanmar, said energy and infrastructure are the two main priorities of the current government. “Our counterpart […]
Read MoreThe government has pledged to speed up approvals and kick-start construction of key infrastructure projects before the much-anticipated but still-unscheduled general election. The projects range from motorways and mass transit to double-track rail and high-speed train projects, worth a combined 2.4 trillion baht. Deputy Prime Minister Somkid Jatusripitak said Thursday that all significant infrastructure projects […]
Read MoreThe Thai tourism industry is expected to continue growing in the second and third quarters of 2017, thanks to an improving domestic economy and an influx of tourists seeking to avoid high-risk countries. Ittirit Kinglake, president of the Tourism Council of Thailand (TCT), forecasts the country will receive 8.04 million international tourists during the second […]
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