MANILA, Philippines — The Philippine economy grew by 5.6 percent in 2021, beating market expectations, as consumption was fueled by revenge spending in the fourth quarter, prompting the government to maintain a return to pre-pandemic levels this year. The economy, as measured by gross domestic product (GDP) or the final goods and services produced in […]
Read MoreThe ongoing pandemic will continue to hamstring the property market this year, keeping it reliant on local demand as foreign travel remains sluggish, according to property consultant CBRE Thailand. Managing director Roongrat Veeraparkkaroon said the recovery of the Thai economy last year was gradual, despite global economic growth, because the country’s GDP is heavily reliant […]
Read MoreIndonesia has imposed a rule starting on January 27 for a mandatory portion of palm oil to be sold domestically at a maximum price of 9,300 rupiah (0.6465 USD) per kg for crude palm oil and 10,300 rupiah per kg for olein, according to Indonesian Trade Minister Muhammad Lutfi. Jakarta (VNA) – Indonesia has imposed a […]
Read MoreKEY POINTS Malaysia is facing inflationary pressures and the government is putting in place targeted measures to control rising food price, said Malaysia’s domestic trade and consumer affairs minister. Given the global trend, “we are going to be affected by inflation,” Alexander Nanta Linggi, told CNBC “Squawk Box Asia” on Friday. Malaysia’s inflation increased 3.2% […]
Read MoreThe first batch of 226 Cambodian migrant workers to be hired under a new memorandum of understanding (MoU) on labour cooperation between the Thai and Cambodian governments will arrive on Tuesday. The government signed an MoU with Cambodia, Laos and Myanmar last December to ensure a good balance between containing the spread of Covid-19 and […]
Read MoreTHE Urban Redevelopment Authority (URA) said on Friday (Jan 28) that its private home price index rose 5 per cent quarter on quarter in Q4 2021, and climbed 10.6 per cent for the whole of last year. These are unchanged from the flash estimates put out on Jan 3. Analysts had said then that the Q4 […]
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Thailand
