MANILA, Philippines — Inflation likely breached the seven percent level in October on the back of transport fare hikes, elevated domestic petroleum prices, higher agricultural commodity prices due to recent typhoons, and the depreciation of the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said inflation last month likely settled within […]
Read MoreIncreasing food and energy price inflation is likely to have a significant impact on families in low-income countries and emerging markets in the Asia Pacific region, according to IMF. The share of families living below half of the annual income per capita may increase up to one percentage point in some countries, said IMF in […]
Read MoreVietnam’s digital economy is the fastest growing in Southeast Asia, with expected gross merchandise value growth rate of 28 percent, from US$18 billion in 2021 to US$23 billion this year, according to the report of Google, Temasek and Bain & Company. The major driving force for Vietnam’s digital economy growth is e-commerce, with a 26 […]
Read MoreThe government’s measure to allow foreigners to buy a landed house will cause the value of residential transfers to foreign buyers to double to 100 billion baht per year, according to the Real Estate Information Center (REIC). Vichai Viratkapan, the centre’s acting director-general, said there were around 10,000 condo units nationwide worth more than 50 billion […]
Read MoreMALAYSIA’S central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov 3 as upside risks to inflation persist and to support the weakening currency, a Reuters poll showed. Bank Negara Malaysia (BNM) started raising rates in May even though inflation was within its target range […]
Read MoreThailand expects it will benefit from the spillover tourism from the Laos-China Railway when China fully opens its borders in 2023. The Thaiger reports that the Association of Thai Travel Agents (Atta) anticipates around 3 million Chinese travelers will travel through the 423 km railway line that runs between Boten, a northern Lao town on the border […]
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