The online shopping wave set in motion by the pandemic, is seeing firms vertically integrate and compete for a larger chunk of the digital pie across Southeast Asia. About 0.2 percent of total shopping in Cambodia was done online last year, according to Euromonitor International data accessed via Bloomberg. By contrast, neighbouring Laos (0.5 percent), […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to adjust its monetary policy by the last quarter of next year as it prioritizes the country’s economic recovery from the pandemic, an international think tank said. In a report, UK-based Oxford Economics said central banks in Asia-Pacific are expected to hike key interest […]
Read MoreThe country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office. In May alone, the CPI inched up 0.16% over the previous month and 2.9% against the same period last year, also the lowest for the […]
Read MoreKUALA LUMPUR: The government has approved RM1.193bil to 73,815 employers to continue operations and retain 642,123 workers under the Wage Subsidy Programme 2.0 (PSU 2.0) as of May 21,2021. In the 55th Laksana report, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz also said a total of 7,497 applications had been approved under the Penjana […]
Read MoreSINGAPORE retail sales grew for the third straight month in April, off the low base from last year’s “circuit breaker” lockdown when most shops were shuttered. Still, sales remained below pre-pandemic levels, the Department of Statistics (SingStat) said on Friday. Some 11.2 per cent of April’s transactions came from online shopping. Retail sales rose by […]
Read MoreThais’ willingness to spend has dropped slightly from last year, while their happiness remains at the same level, according to a survey by Hakuhodo Institute of Life and Living Asean (Thailand), in collaboration with Spa-Hakuhodo Co. The survey of 1,200 male and female respondents between the ages of 20 and 59 from six regions across […]
Read More
Thailand
