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Malaysia’s retail sales still below pre-Covid levels, but ‘formalised’ sector gained: Fitch Solutions

MALAYSIA’S retail sales have yet to recover to pre-Covid levels at the aggregate level, though categories such as food and consumer electronics have outperformed, Fitch Solutions Country Risk and Industry Research said in a Nov 19 report, while also noting “evidence that Covid-19 has accelerated the formalisation of the retail market in Malaysia”. In the […]

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Philippines: Inflation seen easing despite IMF concern

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and economists expect inflation easing toward the end of the year until next year despite the warning of the International Monetary Fund (IMF) that elevated consumer prices could hang around longer in some countries. After staying above the central bank’s two to four percent target, BSP […]

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