With most producers preparing to increase prices, restaurant chains are expected to follow suit thanks to the spike in manufacturing costs as a result of the Russia-Ukraine war and galloping inflation amid the prolonged pandemic. Every category of retail eatery ranging from food courts, sukiyaki, shabu and steak to high-end restaurants have gradually increased their […]
Read MoreMANILA, Philippines — The foreign obligations of the Philippines went up by 8.1 percent to $106.43 billion last year as the national government borrowed more, including the emergency reserve fund from the International Monetary Fund (IMF), to finance the country’s COVID-19 response measures. BSP Governor Benjamin Diokno said the increase was due to net availments […]
Read MoreCambodian Prime Minister Hun Sen held a telephonic conversation with Chinese President Xi Jinping on Friday, with both sides agreeing to promote Belt and Road cooperation. The two sides should engage in high-quality joint Belt and Road construction, speed up the construction of major projects such as highways, airports and special economic zones and expand […]
Read MoreThe refinery, located in Pek District, Xieng Khouang Province, has a storage capacity of 2,400,000 liters and will be able to produce 100 million liters of petroleum products per year, Lao Economic Daily reports. The refined petroleum products are expected to be distributed through the Lao State Fuel Enterprise, according to Vice President of the Yodngeum […]
Read MoreThe Asian Development Bank (ADB) Outlook report recently stated that Brunei Darussalam’s economic growth for this year is forecast to be 3.5 per cent, compared to 1.8 per cent last year. Additionally, the International Monetary Fund (IMF) and ASEAN + 3 Macroeconomic Research Office (AMRO) recently projected positive economic growth for Brunei Darussalam this year […]
Read MoreAfter plaguing Thailand for two years with physical and economic ailments, the Covid-19 pandemic is expected to be downgraded to an endemic from July 1, marking a significant step towards full economic recovery. Businesses, notably entrepreneurs in the tourism and service sectors, welcome the state plan to redefine the scope of the disease, but more […]
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