The hotel sector is urging the government to extend domestic stimulus programmes to cover the high season in the final quarter, after those projects were interrupted by the third outbreak. The cabinet on Wednesday announced that two tourism stimulus packages, “We Travel Together” — a subsidy on hotels and airfares — and “Tour Teaw Thai” […]
Read MoreTens of millions of dollars will pour into the Kingdom after the Council for the Development of Cambodia (CDC) approved six new projects. The diverse investments constitute about $106 million of much-needed investment and employment for more than 1,500 people. The Investment Committee of Cambodia of the CDC decided to issue final registration certificates to […]
Read MoreMANILA, Philippines — Inflation steadied at 4.5 percent in April despite the continued hike in meat prices as this was offset by lower costs in other food items, the Philippine Statistics Authority (PSA) said. In its latest report, the PSA said headline inflation the rate of increase in the consumer price index made up of […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sales grew 15.3 per cent year-on-year (y-o-y) to RM126.9 billion in March 2021, the highest growth in 44 months, said the Department of Statistics Malaysia (DoSM). On a monthly basis, the sales value increased by 7.2 per cent, according to chief statistician Datuk Seri Mohd Uzir Mahidin. “The year-on-year increase of […]
Read MoreThe Bank of Thailand (BoT) slashed Thailand’s economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines. The central bank’s previous estimate of growth of gross domestic product (GDP) was 3% but it now includes three scenarios including the base, […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations. Latest indicators point to continued improvements in economic activity in the first quarter and into April, the central bank said in a statement on Thursday after the meeting of the Monetary Policy […]
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