MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is not ruling out the possibility that inflation breached eight percent in November as price shocks, including the impact of Severe Tropical Storm Paeng, continued to feed second round effects. BSP Governor Felipe Medalla told reporters on the sidelines of the 2022 Outstanding Stakeholders Appreciation Ceremonies […]
Read MoreThe National Committee for Setting a Minimum Wage will soon announce a new minimum wage, according to an announcement by the Labour Ministry. The last time the minimum was increased was on 14 November 2018 when the minimum wage was set at 4,800 kyats a day. This will be the third time that the National […]
Read MoreKUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) slipped to 47.9 in November, down from 48.7 in October. S&P Global, in a statement, said the latest reading pointed to a more marked slowdown in business conditions which was the strongest since August 2021. The latest PMI reading is representative of […]
Read More(Bloomberg) — Singaporeans are seeing faster growth in their real income this year but the pace hasn’t returned to pre-pandemic levels even after robust adjustments in pay, dragged by inflation near a 14-year high. Real median wage, which takes inflation into account, increased 2.1% in 2022, faster than 0.9% the previous year but lower than […]
Read MoreVietnam imported over 7.5 million tonnes of oil and petrol worth around US$7.74 billion as of mid-November, up 24.1% in volume and 122% in value year on year, according to the General Department of Vietnam Customs. The first half of November saw petroleum businesses spend US$360.6 million importing 380,877 tonnes, marking a rise of 21.81% […]
Read MoreBanque Pour Le Commerce Exterieur Lao Public (BCEL) has announced that customers will now be able to receive international bank transfers directly into their accounts through MoneyGram. The bank’s new service will make it easier for Lao people to receive money from relatives settled abroad and it is also a boon for digital nomads who […]
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Thailand
