KUALA LUMPUR: The gap in income between the rich, middle class and poor in Malaysia has widened since 2008, according to a study by Khazanah Research Institute (KRI). In its “The State of Households 2018” report, the research outfit of sovereign wealth fund Khazanah Nasional Bhd noted that the gap in the real average income […]
Read More8-month tally still up 2.4% to $21.2 billion MANILA, Philippines — Personal remittances from overseas Filipinos declined by 1.4 percent to $2.76 billion from the $2.8 billion in August recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Despite the decline in August, the BSP said the eight-month tally […]
Read MoreStatistics Indonesia (BPS) announced on Monday that the country recorded a trade surplus of US$230 million in September following month-to-month (mtm) deficits — $1.02 billion in August and $2.03 billion in July. In September, both imports and exports declined. Exports decreased 6.58 percent mtm to $14.83 billion in September, from the figure in August, which was recorded […]
Read MoreThe highest inflation in almost a decade is eating away at support for President Rodrigo Duterte’s government and forcing sacrifices to his flagship economic agenda. Consumer prices last month were up 6.7% from a year earlier, cutting into the livelihoods of this nation’s 100 million people—especially the poor, whose support the authoritarian populist needs in […]
Read MoreThe Commerce Ministry has threatened to take legal action against online traders who do not disclose their price tags and opt to relay prices through online messages. A source from the Commerce Ministry who requested anonymity said the ministry has received lots of complaints from customers about online purchases, especially via Facebook, where the sellers choose […]
Read MoreTHAI BEVERAGE (ThaiBev) is revising its crucial strategy with a focus on increasing organic growth and continuous expansion of its food business operating under its current restaurant brands. Nongnuch Buranasetkul, senior vice president and food business chief for Thailand, said that ThaiBev had entered the food business by acquiring Oishi Group in 2008, which had […]
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