The trade value of brand-name products smuggled into Thailand surged in June, partly motivated by bigger profits from the firmer baht, says a Customs Department official. The department last month saw 45 cases of smuggled brand-name goods worth 42.9 million baht in total, more than doubling the average monthly haul of 20 million baht in […]
Read MoreBank Negara Malaysia (BNM) kept its policy rate on hold at 3 per cent, in line with expectations held by HSBC and 25 out of 28 economists polled by Bloomberg. The central bank believes that the external sector might be weighed down from slower global growth and trade-related downside risks. However, it expects domestic demand to […]
Read MoreIn Vietnam, Thailand and other Southeast Asian countries, local companies have entered the automobile market in succession. They are attempting to take on the challenge of competing with Japanese carmakers, who dominate the regional market, by promoting their domestic brands. The governments of these countries are also heightening efforts to support the development of their […]
Read MoreThe Bank of Thailand (BoT)’s two key committees have voiced concern that rising household debt poses a threat to financial stability. The country’s household debt load remains high and is trending upwards, particularly in car loans, according to a summary of a joint meeting of the Monetary Policy Committee (MPC) and the Financial Institutions Policy […]
Read MoreSINGAPORE/JAKARTA: When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Eid holiday, airfares were 40% to 60% higher than she had paid in previous years. “It made me think twice about buying airplane tickets,” she said, adding that she eventually paid 1.7 million rupiah ($120.48) […]
Read MoreMANILA, Philippines — Wholesale prices of building materials continued to rise in June as faster markups were seen in most construction materials, the Philippine Statistics Authority (PSA) said. The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR), which is used as a reference in the costing of government projects, grew at […]
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