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Malaysia: Retailers see growth at 4.1% in 2021

PETALING JAYA: Retail Group Malaysia (RGM) has revised downwards its 2021 retail sales growth projection to 4.1% from 4.9% previously, mainly due to the re-implementation of the movement control order (MCO) in January. The association said the latest revision is also based on other factors of consideration. “More retail businesses will be allowed to open […]

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Philippines: Citi raises inflation forecast to 4.2%

MANILA, Philippines — Global banking giant Citi raised anew its inflation forecast for the Philippines, expecting the consumer price index (CPI) to breach the two to four percent target of the Bangko Sentral ng Pilipinas (BSP). Nalin Chutchotitham, economist for the Philippines at Citi, said inflation may average 4.2 percent this year on the back […]

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Centara opens second resort in Vietnam

Centara Hotels & Resorts has opened its second Centara Mirage brand resort in southern Vietnam. Located a few hours’ drive from Ho Chi Minh City, Centara Mirage Resort Mui Ne will be a Spanish Mediterranean-themed waterpark resort. The first Centara Mirage opened in Pattaya in 2009. The 984-key resort will open in April and will […]

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Cambodia: Cost and effect of a National Internet Gateway

The operation of the National Internet Gateway (NIG) will cost Cambodia approximately $50,000 per month in personnel salaries at its four facilities, according to one expert. The source, speaking under the condition of anonymity, said the figure provided was a rough estimate. It was based on the belief that workers at the four facilities would […]

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Malaysia: Employment scene still challenging

KUALA LUMPUR: The unemployment rate in January rose to 4.9% from 4.8% in December due to the impact of Covid-19 on tourism-related industries and a decline in the agriculture sector, despite gains by the manufacturing and services sectors. The Statistics Department said the unemployment rate in January rose by 9,700 people to 782,500 from the […]

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