Viet Nam’s total revenue from retail sales and services in the first five months of this year maintained a high growth since the beginning of the year. This was partly due to improving living standards of the people, according to the General Statistics Office (GSO). The total revenue rose by 10.1 per cent year-on-year to […]
Read MoreThe Bangko Sentral ng Pilipinas yesterday said annual inflation rate in May would likely remain outside its 2 to 4 percent comfort range due to higher fuel and rice prices. The BSP forecast an inflation range of 4.6 to 5.4 percent for May, above the 4.5 percent reading in April, which was the fastest in […]
Read MoreSINGAPORE (Nikkei Markets) — The pressure on emerging markets in Southeast Asia is set to increase as the strengthening dollar aggravates concerns about debt in the region. The recent political turmoil in Italy has added to the risks that have weighed on these markets in recent months, weakening both their currencies and stocks. Among the […]
Read MoreVIENTIANE (Vientiane Times/ANN) – Laos and Myanmar have taken another step towards implementing a Memorandum of Understanding (MOU) on power cooperation that was signed in January this year. Senior officials from the two nations met at the 1st Joint Working Committee Meeting (JWC) held in Nay Pyi Taw, Myanmar, recently to discuss the agreement […]
Read MoreSINGAPORE: Amid the pick-up in economic conditions, the National Wages Council (NWC) on Thursday (May 31) recommended that low-wage workers earning a basic monthly salary of up to S$1,300 receive a pay increase of S$50 to S$70. This is higher than last year’s recommendation of S$45 to S$60 for low-wage workers earning up to S$1,200. This […]
Read MoreThe Bank of Thailand has sounded an alarm to banks in light of the growing appetite for mortgages, urging them to retain their risk management practices when considering housing loans. Some financial institutions are offering a higher loan-to-value (LTV) ratio to homebuyers amid intense competition for mortgage products, said Bank of Thailand governor Veerathai Santiprabhob. “We […]
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Thailand
