Nearly 1,200 establishments in the tourism industry were closed and almost 22,000 direct jobs have been lost as of May this year due to the Covid-19 in Cambodia, according to a statement from the Ministry of Tourism. Among the 1,196 tourism businesses, 498 have been closed and 698 have been suspended, resulting in the loss […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is no longer allowing banks and financial institutions to let clients sign waiver of rights, lengthen prescription period, and calls for protection of customer data, as the regulator further strengthens the protection of financial consumers. The regulator is finalizing the guidelines on financial consumer protection to […]
Read MoreAt its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation. In addition, the Fed downgraded its economic growth projection and raised unemployment and inflation rate projections significantly, hinting there will be a substantial […]
Read MoreVietnamese commodities have made up 90% of goods sold in retail outlets owned by domestic enterprises and 60-96% of foreign supermarkets in Vietnam, according to the Ministry of Industry and Trade (MoIT), showing that more Vietnamese consumers are choosing Vietnamese goods. Hanoi (VNA) – Vietnamese commodities have made up 90% of goods sold in retail outlets owned by domestic enterprises […]
Read MoreKUALA LUMPUR: Malaysia recorded a 2.8% year-on-year (y-o-y) increase in consumer prices in May amid the accelerating cost of food The May headline inflation was above the 2.6% median growth forecast of a Reuters poll of economists and higher than the 2.3% increase recorded in April. In a statement, National Statistics Department chief statistician Datuk […]
Read MoreINVESTMENT banking activities in Singapore generated US$451.3 million in fees for the first half of the year, representing a 3.3 per cent increase compared to the same period year-ago, according to preliminary data from Refinitiv released on Friday (Jun 24). Of these, advisory fees for completed mergers and acquisitions (M&A) contributed the biggest share, generating US$171.7 […]
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Thailand
