The year-on-year inflation rate jumped to 25.6 percent in July, up from the 23.6 percent recorded in June, according to the latest report from the Lao Statistics Bureau. This is the highest figure ever recorded since 2000, causing further hardship for low-income earners as they struggle to cope with the spiralling cost of living. The […]
Read MoreThe baht opened at 35.56 to the US dollar on Tuesday, strengthening from Monday’s close of 35.77. The currency is expected to move between 35.45 and 35.65 during the day, Krungthai Bank market strategist Poon Panichpibool said. He added that the baht may swing sideways unless there are new factors affecting it. Poon also reckoned […]
Read MoreMonetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic. Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the […]
Read MoreAs many as 500,000 additional jobs can be created in Cambodia by 2030 through energy efficiency measures and a family living in Phnom Penh can cut up to $545 annually from the electricity bills through effective energy saving methods, said a recent United Nations Development Programme (UNDP) study. In a report titled “Green Economic Growth […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, as painfully high inflation hit the economy where it hurts the most: consumer spending. Gross domestic product (GDP) grew 7.4% year-on-year in the April-June period, the Philippine Statistics Authority reported Tuesday. The latest reading was slower compared to the downwardly […]
Read MoreBANGKOK (BLOOMBERG) – Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of […]
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