A sharp rise in the prices of goods and services following higher costs for production, energy, imported materials and logistics has prompted the Commerce Ministry to raise its forecast for headline inflation to 4-5% this year from a previous estimate of 0.7-2.4%. The new projection assumes GDP growth of 3.4-4.5% this year, an average Dubai […]
Read MoreThe Cambodian government will upgrade the Garment, Footwear and Travel Goods (GFT) sector into environmentally sustainable, high value-added, focused on high-end and unique products and supportive of economic diversification before 2027, according to the Cambodia GFT Sector Development Strategy 2022-2027. The GFT industry has been a priority sector and has contributed significantly to Kingdom’s socio-economic […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has granted a final extension of the zero spread on its peso rediscount loans anew until end-June to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the […]
Read MoreHeadline 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 […]
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Thailand
