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Vietnam: Cement prices rise, profits to fall

HÀ NỘI — Mounting fuel and coal costs have been added to cement producers’ bills, leaving them no choice but to increase prices. Price adjustments can be observed in almost all producers, with none willing to hold down prices to see profits eroded. Prices have been adjusted from VNĐ50,000 to VNĐ140,000 per tonne across the […]

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Malaysia central bank to hike rates again in July and September

BENGALURU: Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S. Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with low inflation compared with many other economies, […]

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Laos Inflation Reaches 22-year High at 23.6 Percent

Vientiane Times reports that the inflation rate is the highest since May 2000, with rising oil and consumer prices continuing to hit the pockets of people in Laos. Authorities say the rising price of petrol, cooking gas, and other imported items, together with the depreciation of the Lao kip, are fuelling runaway inflation. The consumer price index […]

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Thailand: Lack of flights, rising fuel costs mar revival

Insufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the number of international […]

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Philippines: Inflation likely quickened to 6% in June

MANILA, Philippines — Most economists believe inflation likely quickened further to about six percent in June from 5.4 percent in May amid the steady rise in fuel prices, higher electricity rates and the weaker peso. China Bank chief economist Domini Velasquez said inflation may have accelerated to six percent last month, driven by persistently elevated […]

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