(Bloomberg) — Economists have brought forward their expectations on when some central banks in Southeast Asia, including in Indonesia and Malaysia, will raise their benchmark rates as they battle inflation. Some policy makers are shifting their focus toward battling inflation as it becomes a risk to their pandemic recoveries. Prices of key commodities, which had […]
Read MoreMANILA, Philippines — Pressure is mounting for the Bangko Sentral ng Pilipinas (BSP) to raise key interest rates as an escalation in inflation looms following Russia’s military attacks on Ukraine, a global think tank said. In its latest research brief, Oxford Economics said most Asia-Pacific economies would likely implement rate hikes this year as rising […]
Read MoreThe development of a halal industry in Cambodia has been long pending and on the drawing boards and it is now time to get it dusted and get it moving. In this aspect, Dato Sri’ Mohamed Azmin Ali, Senior Minister in charge of International Trade and Industry, Malaysia, in an exclusive interview with Khmer Times along the […]
Read MoreVietnam’s Government slashed the value-added tax (VAT) rate from 10 to 8% earlier this month – a move that cost the State budget $2.2 billion but, along with other support, is expected to help boost the pandemic-hit economy. This policy is not new in Vietnam – the country did a similar move in 2009 to […]
Read MoreThe increasing global inflation stems from the supply chain being affected by the COVID-19 pandemic. The country’s inflation rate in 2020 was 1.9 per cent, and 1.7 per cent on November 2021. This was said by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Yang Berhormat Dato Seri Setia Dr […]
Read MoreThe Ukraine-Russia conflict has led to rising global oil prices, raising concerns the Finance Ministry will have to inject additional funds to keep the retail price of diesel below 30 baht a litre, says a ministry source who requested anonymity. The government already introduced two measures to peg the price of diesel below 30 baht […]
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Thailand
