Gives BSP room to cut rates aggressively MANILA, Philippines — Growth in consumer prices decelerated in February on slower growth in the cost of transport, alcoholic beverages and tobacco, as well as housing and utilities, the Philippine Statistics Authority (PSA) said yesterday. The headline inflation rate fell to 2.6 percent in February from 2.9 percent […]
Read MoreKUALA LUMPUR: Staple producers are broadly expected to outperform retailers in the coming year as consumer spending is kept afloat, especially among the lower-income group. Affin Hwang Capital research said it forecast sector 2020 core earnings per share growth of 4% year-on-year, mainly driven by large-cap staples. “Post-revision, we project overall sector EPS to recover […]
Read MoreTrade in Muse, the Myanmar town bordering China, has picked up again after grinding to a halt in the wake of the Covid-19 outbreak, U Min Thein, vice chair of Muse rice merchants association told The Myanmar Times. He said trade activities are now running at 80 percent of their usual capacity, and should return to […]
Read MoreKasikorn Research Center (K-Research) has emerged as the most pessimistic among research houses, slashing its forecast for the country’s GDP growth this year to 0.5% on the expectation that the coronavirus epidemic will wipe 410 billion baht off tourism receipts. The downgrade is based on assumptions that the number of infection cases in China will […]
Read MoreMANILA, Philippines — Employment and unemployment growth were unchanged year-on-year in January despite the increase in the work-ready population, the Philippine Statistics Authority (PSA) said yesterday. As of January 2020, the country has 73 million Filipinos aged 15 and above available for work, more than 71.89 million higher than the same month last year. Out […]
Read MoreThe government has ordered textile firms to speedily produce 30 million pieces of washable cloth face masks in the next month to give away in Bangkok metropolitan areas to combat chronic shortages. The Industry Ministry acknowledged that textile firms should be able to produce 10 million cloth masks in one month based on their production […]
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Thailand
