Inflation 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, […]
Read MoreMANILA, Philippines — A “knee-jerk” imposition of fresh restrictions in Metro Manila and nearby areas would be extremely damaging to the economy, the country’s largest business group said, as it denies endorsing renewed lockdowns to curb the spread of the Delta variant. In a Thursday morning statement, the Philippine Chamber of Commerce and Industry (PCCI) […]
Read MoreKUALA LUMPUR: The local bourse is hopeful of higher trading activity as the economy re-opens with the National Recovery Plan, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. Abdul Wahid noted that in July, the average daily trading value (ADV) dropped to RM3bil compared with RM4.4bil in the first half of 2021. “This level is […]
Read MorePhuket will persevere with its Phuket Sandbox tourism reopening scheme, despite escalating challenges associated with the rise in new Covid-19 infections, mostly infected locals who transferred from other provinces to receive treatment. “I insist the Phuket Sandbox will continue as what has happened still doesn’t affect the scheme,” said provincial governor Narong Wunsiew. Most of […]
Read MoreSlow vaccination rates and the emergence of the Delta variant of the Coronavirus has forced Moody’s Analytics to revise its gross domestic product (GDP) forecasts for three ASEAN nations. The agency said that the highly contagious new variant is threatening the economic recovery anticipated in the second half of 2021. Moody’s cut its forecast for […]
Read More
Thailand
