SINGAPORE: The global inflation wave that has crashed onto Singapore’s shores is hitting households harder as they pile up more expenses while incomes aren’t keeping up. That’s the conclusion of DBS Bank analysts, who dissected data from 1.2 million retail customers, anonymous and aggregated, to understand the impact and implications of soaring price growth in […]
Read MoreGlobal growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). The growth will be supported by the garment, tourism, agriculture, and construction sectors, according to the latest report of NBC. The Kingdom’s economic growth is expected to be at […]
Read MoreThai exporters have been warned to brace for the impact of China’s economic uncertainties in the second half of the year on top of the looming global recession, runaway inflation and energy crisis. Chaichan Charoensuk, chairman of the Thai National Shippers’ Council (TNSC), said exporters should have proactive measures and shift their manufacturing and export […]
Read MoreThe first half of the year saw interest rates edging up 0.5-1 percentage point against the end of last year. Liquidity in the banking system was blamed for interest rate hikes. The first-half demand for credit grew a staggering 9.35 % against the beginning of the year while the rise in deposits was nearly 4.51%, […]
Read MoreNanning (Xinhua) – At a leading paper factory in south China’s Guangxi Zhuang Autonomous Region, a production line was running at full steam as orders from ASEAN countries surge this year. “Nearly 90 containers filled with white cardboard produced by the factory are shipped through Qinzhou port every day to ASEAN markets and the number keeps […]
Read MoreMANILA, Philippines — The country’s factory activity slowed down in July as higher prices and global uncertainties dampened demand for products. S&P Global Market Intelligence said in a report released yesterday that the country’s purchasing managers’ index (PMI) fell to 50.8 in July from 53.8 in June. The latest reading remained above the 50-no change […]
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Thailand
