MANILA, Philippines — New York-based Global Source Partners raised its 2021 inflation forecast to 4.4 percent from the original target of 4.1 percent as food prices are expected to remain elevated until the end of the year. Former finance undersecretary Romeo Bernardo, economist at Global Source, said this year’s projection was revised after the headline […]
Read MoreThe listed-Phnom Penh Autonomous Port (PPAP) launched its new container terminal on Monday, upgrading its full capacity in handling containers to 400,000 TEUs per year. The launching ceremony was presided by Sun Chanthol, Senior Minister and Minister of Public Works and Transport. The construction of the US$18.4 million container terminal began in 2019 and completed […]
Read MoreIndonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been […]
Read MoreThe ceiling price of homes under the government’s mortgage loan scheme should be higher to help both local homebuyers and the property market in eastern provinces, while foreign ownership quotas for condos should be raised to boost demand from overseas. Meesak Chunharuckchot, president of the Chonburi Real Estate Association, said the ceiling price of 1.2 […]
Read MoreActions are needed now to save businesses, or it will be too late, enterprise associations say. The report of the Board for Private Economic Development Research (Board IV) on proposals by enterprises and workers to the PM says of 21,000 surveyed businesses in August, 69 percent have suspended operation because of the pandemic, 16 percent […]
Read MoreForeign professionals say Cambodia’s economy would be a big winner if the government adopted the prime minister’s suggestion for a seven-day quarantine, especially if it applied to businessfolk as well as tourist visa holders. The country is currently closed to tourists from abroad and business visa holders have to quarantine for at least 14 days […]
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Thailand
