Savannakhet province is facing an acute fuel shortage making it difficult for people to commute. Addressing the issue, the Director of the Department of Industry and Commerce of Savannakhet Province, Mr Phosysoy kuthilath, told the local media that fuel prices have been steadily rising, with oil prices having fluctuated 11 times since early 2022. The […]
Read MoreAFP – Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia. US central bank officials announced an expected half-point lift in borrowing costs – the biggest since 2000 – as […]
Read MoreCredit Suisse, a Switzerland-based investment bank and financial services firm, issued an analysis of long-term global trends that can lead to advantageous business and investment opportunities, such as ageing populations, infrastructure and technology. In its publication, the bank recognised six long-term equity “super-trends”, comprising infrastructure, technology, anxious societies, silver economy, millennial values, and climate change. […]
Read MoreMANILA, Philippines — The continued price pressure due to global tensions pushed the country’s headline inflation to 4.9 percent in April, its highest rate in over three years, with its downtrend still unlikely in the months ahead. The local consumer basket is now bearing the brunt of the Russia-Ukraine war after headline inflation, or the […]
Read MoreNot only foreign trade and manufacturing are booming, but Vietnamese domestic tourism is also gradually picking up. Vietnam remains a regional manufacturing hub in electronics, textiles, and footwear, with a growing number of international companies planning to shift their supply chains to Vietnam. The Finanzmarktwelt (Germany) quoted Tim Lee Lahaphan, an economist at Standard Chartered […]
Read MoreThe Asian Development Bank has predicted that the annual average rate of inflation in Laos will jump to 5.8 percent in 2022 and 5.0 percent in 2023. Inflation will be driven by higher oil prices, rising domestic demand, and the continuing depreciation of the kip, according to the ADB’s Asian Development Outlook (ADO) 2022. The […]
Read More
Thailand
