Hawkish expectations in Asia’s emerging markets are piling up as traders become increasingly convinced that central banks in the region cannot ignore the threat of domestic inflation any longer. Goldman Sachs Group Inc is one of the latest banks to now see an “imminent” lift-off in rates in several Asian markets, including Thailand. The region’s […]
Read MoreA new type of tourism has emerged as a burgeoning fuel crisis sweeps across Laos, with Laotians crossing into Thailand to fill up their vehicles. The full reopening of international borders in Laos on 9 May has allowed cross-border traffic by private car to resume, with some beginning to take advantage of their newfound freedom of movement. […]
Read MorePRIVATE-HIRE and taxi companies in Singapore are rushing to attract more drivers to meet surging passenger demand after the city-state dropped most of its pandemic-era curbs. The city-state’s taxi fleet shrank by almost a fifth during the past two years, government data show, with many drivers exiting the industry as virus measures hit demand and […]
Read MoreMANILA, Philippines — The Philippine economy managed to post a stellar growth in the first quarter, smashing expectations despite the Omicron onslaught at the start of the year. Gross domestic product, the sum of all products and services created in an economy, grew 8.3% year-on-year in the first three months of the year, the Philippine […]
Read MoreThe latest price adjustment marked the second hike in a row since late April. The retail price of biofuel E5 – RON92 increased by VND1,490 to VND28,950 (US$1.26) per liter and RON95 by VND1,550 to a new record of VND29,980 ($1.30) per liter, respectively, from 3:00 pm today [May 11]. The move came following the […]
Read MoreXinhua – Durians have entered their best season, and orders for the “stinky” fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area. The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade deal to date that took effect on Jan. 1, 2022, has further […]
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Thailand
