MANILA, Philippines — Inflation likely accelerated to a fresh five-year high of 4.9 percent in June due to higher prices of food and “sin” products, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said the June inflation may have grown to 4.9 percent year-on-year, faster than the previous month’s […]
Read MoreAsia-Pacific has made the strongest transparency improvement from 2016 compared to the other four regions covered by the latest study conducted by property consultancy firm JLL. According to its newly released biannual Global Real Estate Transparency Index (GRETI) 2018, of the world’s top 10 real estate markets that have registered the biggest improvements in transparency, four are […]
Read MoreKUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) has instructed China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the East Coast Rail Link project with immediate effect. Theedgemarkets.com reported on Wednesday that it had sighted a letter from MRL instructing CCCC to suspend all […]
Read MoreSINGAPORE’s economy should continue to expand in 2018 although protectionism risks have risen, said Ravi Menon, Monetary Authority of Singapore managing director. Overall growth in gross domestic product (GDP) is expected to come in at around 2.5–3.5 per cent in 2018, he said. “While the central prognosis for the Singapore economy this year remains intact, […]
Read MoreCabinet has decided to keep value-added tax at the current rate of 7% for another year, from Oct 1 to Sept 30, 2019. Nathaporn Jatusripitak, adviser to the prime minister’s office minister, said the cabinet made the decision on Tuesday. The current 7% VAT rate will expire at the end of September. What VAT was […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has warned that the baht’s volatility will remain high in the foreseeable future, prompted by tightened monetary policy in advanced economies and tit-for-tat trade tariffs among economic behemoths. Foreign exchange volatility should persist, affecting both money and capital markets across the globe, but the situation is not worrisome as Thailand […]
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