The Federation of Thai Industries (FTI) will go ahead with its plan to import vaccines for companies which want to distribute them to employees, while the Thai Chamber of Commerce (TCC) accepted that it might be too late for the private sector to procure vaccine supplies amid intense global demand. A statement issued by TCC […]
Read MoreMANILA, Philippines — Developing economies in Asia-Pacific, including the Philippines, need to strive harder to address inequality as decades worth of gains in reducing poverty have been pushed back due to the pandemic. In yesterday’s virtual discussion organized by BusinessWorld in partnership with The STAR, Asian Development Bank (ADB) chief economist Yasuyuki Sawada said the […]
Read More[YANGON] Myanmar still expects to export 2 million tons of rice this year, despite a warning from the World Food Programme that millions of people in the strife-torn nation may struggle to afford food over the next few months. Shipments of the grain fell about 35 per cent in February through April from a year […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bank lending continued its growth streak in March, rising 0.7 per cent on higher housing loans, data from the Monetary Authority of Singapore (MAS) showed on Friday (April 30). Loans through the domestic banking unit – which captures lending in all currencies but reflects mainly Singapore-dollar lending – stood at $691.23 […]
Read MoreThe year-on-year inflation rate continued to rise in Laos last month amid economic distress triggered by the Covid-19 pandemic. According to the Lao Statistics Bureau, the Consumer Price Index (CPI) stood at 114.42 points last month, indicating an inflation rate of 2.48 per cent year-on-year. This was up from the 1.91 per cent recorded in […]
Read MoreJAKARTA: Indonesia plans to reduce its budget deficit next year to within a range of 4.51% to 4.85% of gross domestic product (GDP), from an estimated 5.7% this year, as part of its fiscal consolidation measures, a finance ministry official said yesterday. Febrio Kacaribu, who heads the ministry’s fiscal policy office, told a virtual seminar […]
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