MANILA, Philippines — While the Philippines posted a minimal increase in motor vehicle production in the eight months of the year, its growth continues to lag behind six of its Southeast Asian neighbors. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed 54,918 motor vehicles were assembled in the Philippines from […]
Read MoreThe Credit Card Club, a unit of the Thai Bankers’ Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator’s concerns over rising household debt stemming from unsecured loans. The club has 16 members, mostly credit card providers from commercial banks and large non-banks, such […]
Read MoreTHAILAND’S headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with forecast and reinforcing expectations of a further interest rate hike later this month. The headline consumer price index (CPI) rose 7.86 per cent in August from a year earlier, driven by energy prices and last year’s […]
Read MoreCOMPANIES in Indonesia are expected to report the most earnings growth among its Asia Pacific (Apac) emerging market (EM) county peers due to the country’s large proportion of commodity producers that are benefiting from high spot prices this year. According to a recent report by Moody’s Investors Service, Indonesia will post the highest earnings growth […]
Read MoreSINGAPORE’S retail sales grew 13.7 per cent year on year in July, extending the 14.9 per cent increase seen in the month before. On a month-on-month seasonally adjusted basis, retail sales were also up by 0.6 per cent, said the Department of Statistics (Singstat) on Monday (Sep 5). Excluding motor vehicles, retail sales expanded by […]
Read MorePETALING JAYA: Malaysia’s rising inflation, which surged to its highest in more than a year in July, is unlikely to hinder the country’s third quarter (3Q) gross domestic product (GDP) performance for 2022. Malaysia University of Science and Technology professor Geoffrey Williams said he expects subsidies and price controls to continue for the rest of […]
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Thailand
