The price of cooking gas for household use will remain capped at 24.87 baht per kilogramme until the end of October, requiring a government subsidy of 7.87 baht per kg, the Energy Policy Administration Committee said on Thursday. The committee had earlier been expected to start raising the price of of liquefied petroleum gas (LPG) by […]
Read MoreKUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points to 2.5%, in line with market expectations. In a statement, it said it increased the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively. “At the […]
Read MoreKUALA LUMPUR (Sept 8): Many new digital banks in the Asia-Pacific region will find it more challenging to achieve financial viability as interest rates increase, economic growth slows, and funding conditions tighten, according to Fitch Ratings. In a statement on Wednesday (Sept 7), it said a softer economy could also affect the banks’ target customers […]
Read MoreYear-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August has been reported at a whopping 30 percent with a 2.5 percent increase from July’s figure of 27.5 percent. The price of food and non-alcoholic beverages has surged by 30.2% […]
Read MoreThe Thai public expects to substantially increase its mobile usage over the coming years, more so than other Asian markets surveyed by Norwegian telecom giant Telenor. The result is shown in Telenor Asia’s “Digital Lives Decoded” study, which surveyed 8,227 mobile internet users aged over 18 in Bangladesh, Indonesia, Malaysia, Pakistan, the Philippines, Singapore, Thailand and […]
Read MoreMANILA, Philippines — UK-based think tank Pantheon Macroeconomics has hiked its inflation forecast for the Philippines to five percent this year, but it expects a slowdown to take hold by the fourth quarter. Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said in a report yesterday the think tank has raised its average inflation […]
Read More
Thailand
