MANILA, Philippines — The nationwide inflation rate slowed down in March due mainly to lower demand for transportation, fuel as well as alcoholic beverages and tobacco, the Philippine Statistics Authority (PSA) reported yesterday. The headline consumer price index eased to 2.5 percent in March from 2.6 percent in February and 3.3 percent in March 2019. […]
Read MoreThe COVID-19 pandemic has increased the Consumer Price Index (CPI) , according to a monthly report from the Ministry of Commerce. The CPI is based on daily basic products including rice, meat, fish, face masks and hand sanitisers in eight cities and provinces from March 2 to April 6. According to the report, rice prices […]
Read MoreOfficials are expecting the outbreak of COVID-19 to slow the development of Dawei Special Economic Zone (SEZ) in Tanintharyi Region. “The virus is affecting the development process, including road construction,” said U Tin Htoo Naing, secretary of Dawei SEZ. Things are being delayed just as foreign investors were showing interest in the project. International investors […]
Read MoreMalaysia’s hotels and tour operators are lamenting the limited assistance offered by the government’s latest economic stimulus package, which has dedicated an additional RM10 billion (US$2.3 billion) to lift SMEs impacted by the country’s movement control order (MCO). The latest stimulus package is the third of its kind introduced by the government, following a RM250 […]
Read MoreThe Hanoitimes – Both short- and long-term solutions are needed for enterprises to avoid severe consequences of the pandemic, said VCCI Chairman Vu Tien Loc. Eighty two percent of Vietnamese enterprises have anticipated losses in revenue in 2020 compared to the previous year, of them 30% expect a decline of 30 – 50% and other 22% […]
Read MoreIndonesia’s new debt is expected to triple this year as the government struggles to fund its fight against the COVID-19 pandemic. According to the newly enacted Presidential Regulation (Perpres) No. 54/2020 on the 2020 state budget revision issued on April 3, the government has increased deficit spending to Rp 1 quadrillion (US$61.5 billion) this year, a […]
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Thailand
