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Malaysia – RAM: Inflation to rise slightly

KUALA LUMPUR: RAM Rating Services Bhd expects Malaysia’s headline inflation to increase slightly to 1.5% in April against 1.3% in March, mainly attributed to a reduction in the negative growth contribution of retail fuel. The rating agency said the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% […]

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Malaysia says government debt is inflated by 1MDB borrowing

[KUALA LUMPUR] Malaysia’s government debt exceeds RM1 trillion (S$337.9 billion), inflated by borrowing by a state investment company that’s at the center of a multi billion-dollar corruption scandal. Newly-installed Finance Minister Lim Guan Eng told reporters on Tuesday that debt was higher than previously disclosed under the administration of ousted leader Najib Razak, partly masked […]

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Philippines: Peso falls to 11-year low

MANILA, Philippines — The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account (CA) deficits. The local currency closed at 52.465 to $1 yesterday from Friday’s 52.33 to $1. This was the weakest level […]

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Vietnamese businesses’ products to be shown in ThaiFex 2018

The Hanoitimes – The highlight of the Vietnamese delegation at the event will be an ‘organic and nature village’ which will feature a display of a range of Vietnam’s organic products, including dried fruits, rice, processed coconut, and organic milk. Thirty Vietnamese businesses will showcase their products at the THAIFEX-World of Food Asia which is set […]

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Cambodia and Thailand look to legalise migrants

The Cambodian labour minister met the Thai ambassador on Tuesday to discuss legalising undocumented Cambodian migrant workers in Thailand, as the deadline approaches for migrants in the neighbouring kingdom to be registered. Labour Minister Ith Sam Heng said after meeting with Thai Ambassador Nuttavudh Photisaro that the two are collaborating to ensure all Cambodians working […]

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