Thailand’s headline consumer price index (CPI) unexpectedly dropped for the first time in five months, down 0.02% in August from a year earlier, due mainly to government subsidies, the commerce ministry said on Monday. The reading compared with a forecast for a rise of 0.34% in a Reuters poll and followed July’s 0.45% increase. The CPI was […]
Read MoreMANILA, Philippines — The rate of increase in consumer prices was likely unchanged in August as oil and food prices managed to ease further last month, an international think tank said. In its weekly brief, London-based Capital Economics said it expects inflation in August to remain at four percent, the same rate in July when […]
Read MoreThe Covid-19 pandemic caused turbulence in Vietnam’s labor market in 2020. For the first time in 10 years, Vietnam’s economy witnessed a serious decline in the number of participants in the labor market and the number of employed people. The average income of workers also fell. The indicators of unemployment and underemployment both increased sharply […]
Read MoreSINGAPORE’S unemployment rates rose in July after having trended downward for the past eight months, which may have been due to tightened Covid-19 curbs in preceding months, latest Ministry of Manpower (MOM) figures showed on Monday. “Nonetheless, the rates in July remained lower than in May 2021,” noted the MOM in its release. Overall unemployment […]
Read MoreThe continuing Covid-19 pandemic has deepened the economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue, according to a World Bank survey. The latest round of the World Bank’s Rapid Monitoring Phone Survey, conducted in April-May this year among […]
Read MoreBorneo Bulletin – Brunei Darussalam Central Bank (BDCB)yesterday published its bi-annual policy statement. In its policy statement, BDCB noted that the global economy is expected to grow six per cent in 2021. Meanwhile, the domestic economy contracted by 1.4 per cent year-on-year (y-o-y) in first quarter (Q1) 2021. BDCB’s inflation forecast for 2021 has been […]
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