MANILA, Philippines — The manufacturing sector started at a slow pace in January following the surge in new COVID cases due to the Omicron variant. Factory output, as measured by the Volume of Production Index (VoPI), went up by 16.5 percent in January, slower than the 21.3 percent in December, but still better than the […]
Read MoreBangkok Post – Consumer sentiment dropped for the second straight month in February, hitting the lowest level in five months, as consumers fret over the rapid spread of the Omicron variant and the escalating Russia-Ukraine conflict. The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index fell to 43.3 […]
Read MoreSINGAPORE: Oil’s relentless surge above $125 (RM522.95) a barrel threatens to stoke inflation across Asia, forcing central banks to decide whether to respond to higher prices with tighter policy, or hold off amid the blow to economic growth. As a net importer of energy, Asia is vulnerable to the oil price spike triggered by Russia’s […]
Read MoreA container train service linking Danang City of Vietnam and Europe has been suspended due to concerns over the Russia-Ukraine military conflict, according to the Vietnam Railway Corporation (VNR). As planned earlier, the train service was supposed to be launched early this month. The train consists of 23 40-foot containers, transporting IKEA-branded furniture to Europe, […]
Read MoreThe Airlines Association of Thailand (AAT) is urging the government to let them add a fuel surcharge onto tickets for domestic flights, as the Russia-Ukraine conflict continues to push up oil prices. As oil prices surged by 40-50% from last year, airlines want to add the fuel surcharge onto domestic tickets to reduce the impact […]
Read MoreMANILA, Philippines — Loans extended by Philippine banks to micro, small, and medium enterprises (MSMEs) slipped by 3.6 percent to P463.13 billion in 2021 from P480.5 billion in 2020, as the sector has yet to fully recover from the impact of the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The industry’s total loan […]
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