MANILA, Philippines (Updated, 11:41 a.m.) — The proportion of unemployed Filipinos in April eased to its lowest level since the pandemic began, thanks to temporary job opportunities related to pre-election activities and the harvest season. Results of a survey of 43,500 households nationwide showed there were 2.76 million Filipinos who were either unemployed or out of business in […]
Read MoreThe Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI). The inflation rate hike and prolonged global oil price surge, driven by the Russia-Ukraine war, come as consumer purchasing power remains […]
Read MoreJAKARTA: Indonesia’s government will allow exporters that have not joined its bulk cooking oil distribution programme to ship palm oil by paying a US$200 per tonne charge on top of the export tax and levy, senior minister Luhut Pandjaitan said on Friday (Jun 10). The move is part of the government’s palm oil export acceleration […]
Read MoreKUALA LUMPUR, June 10 — Malaysia’s manufacturing sales grew 13.2 per cent to RM147.9 billion compared to the same month in 2021, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth in sales value for April 2022 was driven predominantly by the electrical and electronics products subsector […]
Read MoreEnergy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month. The Energy Ministry formed a working panel to study how to narrow what is known as the oil refinery margin, which normally averages two […]
Read MoreMANILA, Philippines — The country’s balance of trade in goods expanded in April, as double-digit gains in imports were sustained and outpaced exports, with the Philippines still bearing the brunt of soaring global commodity prices as a consequence of the Russia-Ukraine war. Data from the Philippine Statistics Authority showed that the country’s trade shortfall surged […]
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