Headline consumer price index (CPI) jumped by a higher-than-expected 5.73% in March from a year earlier, the fastest pace in 13 years, driven by stronger prices of goods and energy, the Commerce Ministry said on Tuesday. That compared with a forecast for a rise of 5.60% in a Reuters poll and followed February’s 5.28% increase, […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected grow 5.5 per cent this year, driven by recovery in domestic demand, expansion in exports, and reopening of borders, according to a World Bank report. It said the external sector will continue to lend its support, especially that of electrical and electronics (E&E) goods and medical rubber gloves. However, […]
Read MoreMANILA, Philippines — Consumer prices rose at their briskest pace in six months in March and nearly breached the government’s target, no thanks to unabated rise in fuel prices that forced Filipinos to tighten their belts. Inflation, as measured by the consumer price index, accelerated 4% year-on-year in March, faster than the 3% clip posted in […]
Read MoreThai discount wholesaler Siam Makro Pcl plans to spend 11 billion baht ($330 million) this year to expand its operations, and open two new Makro stores in Cambodia, 30 in Thailand and three in India, hoping to tap into soaring demand, according to group CEO Suchada Ithijarukul. The plan would bring the total number of […]
Read MoreSINGAPORE’s retail sales fell 3.4 per cent year on year in February, reversing from last month’s 12 per cent increase and snapping a 5-month growth streak. The decline in February was attributed partly to lower sales compared to a year ago when sales were boosted by pre-Chinese New Year (CNY) spending, said the Department of […]
Read MoreThe overlapping and inconsistency of legal documents continues to make things difficult for businesses. Dau Anh Tuan, head of VCCI’s Legal Department, said the Vietnam Cassava Association has lodged a petition to the Prime Minister and asked for help. The cassava industry is facing serious difficulties and may collapse as the General Taxation Department has […]
Read More
Thailand
