Indonesia recorded the year’s first deflation of 0.08 percent in February, compared to the 0.32 percent inflation it recorded in January, Statistics Indonesia (BPS) announced on Friday. The figure brings year-to-date (ytd) and year-on-year (yoy) inflation rates to 0.24 percent and 2.57 percent, respectively. Bloomberg reported that Indonesia’s yoy inflation rate was the lowest since November 2009, and lower […]
Read MoreProspects in the Myanmar oil and gas sector are expected to improve this year, with the government planning to hold its first international exploration and production tender since 2015 next month. On February 22, the Ministry of Electricity and Energy (MOEE) announced that it will be holding international tenders for 18 onshore and 15 offshore […]
Read MoreThe strong baht is expected to affect the tourism industry as travellers may shift to other destinations in the region where local currencies have edged up at a slower pace, said a business leader. Vichit Prakobkosol, president of the Association of Thai Travel Agents (Atta), said the baht has appreciated against the US dollar by around […]
Read MoreMANILA, Philippines — The country’s metallic production has continued its upward momentum, rising 10.4 percent to P122 billion last year amid better metal prices in the world market. “The strong demand from China for its stainless steel production kept metal prices in better levels. China remains the largest market for metals, accounting for over 50 […]
Read MoreKUALA LUMPUR: AirAsia Group Bhd flipped to a net loss in the fourth quarter, its first quarterly loss in more than three years as higher fuel prices and operating lease costs dented income. To boost revenue, the chief executive of Asia’s largest budget carrier said the group would step up efforts to sell more travel services on […]
Read MorePhnom Penh, Battambang, and Siem Reap have been included in the Asean Smart Cities Network, and will benefit from the assistance of the Japanese government in creating technologically advanced urban spaces. The Asean Smart Cities Network (ASCN) is a collaborative platform where cities from Asean member states work towards the common goal of smart and […]
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Thailand
