Malaysia isn’t the only country in the region grappling with the dilemma of fuel subsidies. Having already tripled its original 2022 energy subsidy allocation to 502 trillion rupiah (RM151.4 billion) due to rising oil prices and a depreciating rupiah, Indonesia is reportedly looking into raising its subsidised fuel prices in a bid to ease the fiscal pressure, Reuters reports. The […]
Read MoreVietnamese businesses have registered investment capital of US$65.92 million to undertake three projects in Laos during the first six months of this year. This figure is an increase of 2.5 percent compared to the same period last year, Minister of Planning and Investment, Mr Khamjane Vongphosy, has said. Mr Khamjane commented on the increase during […]
Read MoreKUALA LUMPUR: Malaysian’s inflation jumped 4.4% to 127.9 in July 2022, its highest in more than a year, as the cost of food continued to accelerate. The increase in the consumer price index (CPI), the highest since April 2021, was in line with the median forecast of a Reuters poll of analysts. Announcing the July […]
Read MoreSINGAPORE – The city’s regulators are looking at making it harder for the public to buy cryptocurrencies, but will not ban such trading activities. The Monetary Authority of Singapore (MAS) is contemplating having customer suitability tests and restricting the use of leverage and credit facilities for crypto trading, its chief Ravi Menon said at a […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to integrate sustainability principles in their investment activities to ensure continued safety and soundness. BSP Governor Felipe Medalla said the regulator recognizes the potential of banks’ investment activities to contribute to the pursuit of sustainable and resilient growth in the Philippines. In line […]
Read MoreRemittances from Cambodian migrant workers showed a whopping decline of 16.6 percent to $1,272 million in 2020 following the outbreak of Covid-19, a stark contrast to the 6.7 percent annual growth during 2014-2019, revealed the first ‘Asean Migration Outlook’ report. According to the report, released recently by the Asean secretariat, an estimated 260,000 Cambodian migrant […]
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Thailand
