[JAKARTA] Indonesia booked a US$2 billion budget surplus in January as tax revenues soared amid a stronger economic recovery from the pandemic and high commodity prices, its finance minister said on Tuesday (Feb 22). Sri Mulyani Indrawati said the surplus underscored Indonesia’s sound fiscal position and reaffirmed other economic indicators showing the recovery in South-east […]
Read MoreSINGAPORE–Singapore’s consumer prices rose at the same on-year pace in January as in December, as a moderation in private transport costs increase offset higher core and accommodation inflation. The consumer price index for January rose 4.0% compared with the same period a year before, the Department of Statistics said Wednesday. That was slightly below the […]
Read MoreMANILA, Philippines — Ayala-owned Bank of the Philippine Islands (BPI) expects its consumer loan portfolio to expand this year on the back of an anticipated growth in consumption with the economy’s reopening. BPI executive vice president and consumer banking head Maria Cristina Go yesterday said the bank projects consumer borrowings to drive its loan growth […]
Read MoreThe baht opened at 32.43 to the US dollar on Wednesday, weakening from Tuesday’s close of 32.40. The Thai currency is likely to move between 32.35 and 32.50 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht was likely to fluctuate and weaken due to the Omicron situation as well […]
Read MoreCambodia was one of only nine countries and territories that saw no significant changes in electricity tariffs between 2019 and 2020, as the Covid-19 pandemic began to sweep across the globe. This is according to recent data posted on comparethemarket.com.au, an Australian price comparison website operated by Compare the Market Pty Ltd. Compare the Market […]
Read MoreBusinesses have appealed to the Labour Ministry to reduce the expenses involved in importing migrant workers and shore up labour shortages. Labour Minister Suchart Chomklin said so far labour imports via the memorandum of understandings (MoU) signed with neighbouring countries have missed their targets. Many business owners have sought to recruit migrant workers from Myanmar […]
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