Vietnam is likely to complete its target of 6.5 percent in economic growth for 2022, but the goal of keeping the inflation rate under 4 percent is tough, according to Assoc. Dr. To Trung Thanh from the National Economics University (NEU). The increase in commodities’ prices as well as the hike in power prices due […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank committed $22.8 billion last year for Asia-Pacific to sustain pandemic response and aid in economic recovery, with the Philippines still securing one of the highest lending in the region. Based on its 2021 annual report, the multilateral lender’s commitment from its own resources reached $22.8 billion, down 28 […]
Read MoreSteel consumption in Thailand dropped by 14.3% year-on-year to 2.54 million tonnes between January and February due to a surge in Covid-19 infections, a shortage of construction workers and weak business sentiment, says Tata Steel Thailand Plc (TSTH), a unit of India’s largest steelmaker. The Russia-Ukraine war is also feared to affect global steel prices, […]
Read MoreSINGAPORE – Consumer prices in Singapore saw a spike last month on the back of higher food, services and private transport costs, with inflation hitting a 10-year high, according to data released on Monday (April 25). Core inflation – which excludes accommodation and private transport costs – jumped to 2.9 per cent in March on […]
Read MoreThe baht opened at 34.07 to the US dollar on Tuesday, weakening further after breaching the key 34/dollar level to close at 34.04 on Monday. The currency is expected to move between 33.95 and 34.15 on Tuesday, Krungthai market strategist Poon Panichpibool said. Poon said the risk-averse market and Covid-19 situation in China could add […]
Read MoreKUALA LUMPUR, April 26 — As most employers prepare for the implementation of the new minimum wage of RM1,500 come May 1, uncertainty remains on whether small and medium enterprises (SMEs) will be able to shoulder the increased cost. The new standard comes just as economic activity begins to return to normal after a severe […]
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Thailand
