INDONESIA’S Parliamentary budget committee and the government on Wednesday (Sep 14) agreed to set a 2023 economic growth target of 5.3 per cent, the committee’s chair said, similar with President Joko Widodo’s proposal. The committee and the government also agreed on 2023 spending of 3,061.2 trillion rupiah (S$288.3 billion), slightly higher than the proposed budget, […]
Read MoreMANILA, Philippines — More Filipino employees feel burnout at work compared to regional counterparts, despite rating their mental health as good or excellent, according to a study of consumer and research analytics firm Milieu Insight and mental health technology firm Intellect. The study showed 52 percent of employees in the Philippines have reported feeling burnt […]
Read MoreHotels are struggling to raise room rates amid intense competition in the industry, despite pressure from higher operational costs due to surging electricity bills and wages. On Tuesday the cabinet agreed to raise the minimum wage from October, while the power tariff for the September-December period has reached a record high of 4.72 baht per kilowatt-hour […]
Read MoreDESPITE Indonesia’s recent announcement of a 30 per cent fuel price hike, UOB Kay Hian (UOBKH) believes the impact of the hike on purchasing power is likely to be minimal, according to data from Bank Indonesia’s Retail Sales Index (RSI). Noting that the South-east Asian country has had 4 price hikes in the last 20 […]
Read MoreInterbank interest rates rose to a 10-year high before dropping a little last weekend. The liquidity of the banking system was tighter last week when the interbank interest rate exceeded 7.5%, the highest level since 2012, SSI Securities Company (SSI) reported. The overnight interest rate in the trading session ending last week rose 40 basis […]
Read MoreKUALA LUMPUR: The Malaysian consumer sector is expected to remain resilient and grow, amid undemanding valuations. This is the view of UOB Kay Hian Research (UOBKH), which said in a report yesterday that fears of margin compression arising from high commodities prices and operating costs have eased. “Overall demand and sentiment appear intact. Furthermore, the […]
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Thailand
