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Thailand: Headline inflation tallies 1.62% in August

The headline inflation rate, as gauged by the increase in the consumer price index (CPI), was 1.62% year-on-year in August,¬ the highest since October 2014, driven by rising prices for energy and fresh food.¬ The Commerce Ministry reported yesterday consumer prices rose for a 14th straight month in August, mainly driven by higher prices for energy, […]

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Indonesia: Ministry, BI, OJK team up to prevent dollar speculative transactions

The Finance Ministry, Bank Indonesia (BI) and the Financial Service Authority (OJK) have¬ teamed up to prevent speculative transactions of the US dollar that they believe have sparked negative sentiment in the country‚Äôs economy. Finance Minister Sri Mulyani Indrawati said the three institutions under the Financial System Policy Committee (KKSK) would monitor and study the behavior […]

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Vietnam spends US$60 million importing cars last week

The Hanoitimes¬ – From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam. Vietnam imported 3,089 cars worth US$59.27 million from August 24 to 30, more than double the amount of 1,116 cars worth US$26.66 million imported in the […]

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Singapore’s manufacturing continues expansion

SINGAPORE – Electronics turned in a robust performance in August to help the overall manufacturing sector record its 24th month of expansion. The Purchasing Managers’ Index (PMI) – a key indicator of economic activity – noted that the electronics sector logged a 0.4-point increase in August from July, to 52.0. A reading above 50 indicates […]

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Recalled baby formula not for sale in Cambodia

Dumex Cambodia on Saturday said that one of its baby formula product recently recalled in Singapore is not for sale in the Kingdom, appealing to local consumers to continue purchasing Dumex products. Last month, the Agri-Food & Veterinary Authority of Singapore (AVA) detected the presence of the cronobacter sakazakii bacteria in one batch of Dumex‚Äôs […]

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