The Thai Retailers Association (TRA) predicts flat consumer spending in the first half, despite bullish consumer sentiment from the planned general election and the value-added tax refund for Chinese New Year shopping. Worawoot Ounjai, TRA’s president, said the retail industry recorded slower growth during the first two months this year. Mr Worawoot said retail recovered in […]
Read MoreEnergy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the government’s decision to lower fuel prices is part of the implementation of a new fuel price formula that has been effective since Feb. 1. He gave an assurance that the formula stated in Energy and Natural Resources Ministerial Decree No […]
Read MoreThe latest regulation by the Central Bank of Myanmar (CBM) permitting foreign institutions to invest up to 35 percent in local banks has been well-received by the banking and financial industry. However, experts have flagged the need for further clarity in its provisions. U Than Lwin, senior advisor to KBZ Bank, said the CBM should […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed to a three-month low in December, after exports stayed weak while import growth slowed sharply during the month, the country’s statistics agency reported Tuesday. Trade deficit in December stood at $3.75 billion, slimmer than $3.97 billion gap posted a year ago and $3.90 billion shortfall registered in November. […]
Read MoreWHITHER the festive spirit? Retail sales in Singapore fell in December 2018, although eateries did better, according to the latest data from the Department of Statistics (SingStat) on Tuesday. The year-end slump pushed overall retail sales down by 0.7 per cent for 2018, even though annual turnover ticked up by 1.1 per cent when motor vehicles were left out. Takings were […]
Read MorePETALING JAYA: The higher-than-expected industrial production growth in December 2018 hints at a stronger economic expansion for Malaysia in the fourth quarter of 2018, according to MIDF Research. Led by stronger manufacturing sector performance, the country’s industrial production index (IPI) for December 2018 rose by 3.4%, beating a Bloomberg survey of 2.7%. In November 2018, the IPI increased at a slower pace of […]
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Thailand
