MANILA, Philippines — Inflation for the year is seen breaching the government’s upper target and to average at 5.3 percent, more than double the 2020 level, as elevated oil prices and meat supply remain a concern, a foreign think tank said. In its weekly monitor, UK-based Pantheon Macroeconomics said headline inflation the rate of increase […]
Read MoreEconomic recovery across the Asia-Pacific region is likely to be patchy, with some countries seeing higher growth than their neighbours, thanks to a faster roll out of Coronavirus vaccines, according to Moody’s Analytics. It says well-managed Covid-containment policies will also help some Asian economies rebound, even as governments ease stimulus spending, while countries that have […]
Read MoreThe Vietnamese automaker wants to engage Lao consumers through a local group. Lao Phongsubthavy Group Company would be the exclusive distributor of the Vietnamese automaker VinFast cars in Laos, according to a memorandum of understanding between the two sides. The signing ceremony of a memorandum of understanding between the Vietnamese automaker and Phongsubthavy Group Company […]
Read More[JAKARTA] Indonesia plans to impose stricter restrictions starting on Wednesday, as South-east Asia’s most populous country battles a second wave of coronavirus infections driven by the more transmissible Delta variant. President Joko Widodo will lead an internal meeting on Tuesday to discuss details of the planned new measure, called Pemberlakuan Pembatasan Kegiatan Masyarakat (PPKM) Darurat, […]
Read MoreThe Bank of Thailand (BoT) is considering adjusting the foreign exchange regulatory framework to help the economy better cope with volatility, officials said on Tuesday, as the baht hit a more than 13-month low against the US dollar. The adjustments include reducing foreign exchange limitations, facilitating hedging and removing a requirement of supporting documents for […]
Read MorePETALING JAYA: Malaysia’s total trade grew by 26% year-on-year (y-o-y) to RM867.4bil in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said. Trade surplus surged by 112.2% to RM92.79bil, as exports rose by 31.1% to RM480.09bil and imports increased by 20.1% to RM387.31bil. The ministry said the country’s trade […]
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