The ongoing disruption in Ho Chi Minh City and southern provinces poses a threat to the global supply chain of multinational corporations, which source goods from Vietnamese-based suppliers. Nike could soon face a shortage of sneakers as two suppliers – South Korea’s Changshin Vietnam and Taiwan’s Pou Chen Corporation – have had to cease operations […]
Read MoreWe forecast the baht to trade weaker over the near term given continued headwinds to the economy from Covid-19. The spread of the Delta variant has resulted in Thailand battling its worst outbreak since the pandemic began, with new cases averaging above 14,000 daily and deaths above 100. Authorities have responded by tightening mobility restrictions, […]
Read MoreKUALA LUMPUR: Malaysia’s economic fundamentals are still strong and its growth prospect for the medium term is bright, supported by a stable capital market, while the financial sector has ample liquidity and capital buffer, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said among the issues raised by the Members of Parliament during […]
Read MoreMANILA, Philippines — Retail prices of construction materials in the capital region did not budge in June, the Philippine Statistics Authority (PSA) said. The Construction Materials Retail Price Index (CMRPI) in the National Capital Region stayed at 1.2 percent, the same level in May and in June last year. The unchanged index indicated the stable […]
Read MoreInflation rates in developed countries, particularly in the US and among nations in the European Union, have been rising since the beginning of the year, in part because of large stimulus schemes designed to rehabilitate their economies battered by the pandemic. Other possible reasons for the inflation rate hike are pent-up demand, recovering world commodity […]
Read MoreThe OECD says a lack of competition in Cambodia’s transportation sector could hurt the Kingdom’s economic growth. It warns the costs of logistics in terms of product sales are double the global average, and higher than the Kingdom’s neighbours. ASEAN asked it to look into freight transport by road, rail and water, freight forwarding, warehousing, […]
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