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Thailand: Inflation slowing as supply increases

Inflation slowed for three consecutive months, easing from 5.9% in October to 5.5% in November, on prices of fresh food and ingredients as supply increased, according to the Commerce Ministry. Poonpong Naiyanapakorn, director-general of the ministry’s Trade Policy and Strategy Office, said the consumer price index stood at 107.92 in November, compared with 102.25 a […]

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Consumption and exports continue to drive Vietnamese growth

HANOI: Consumption, one of the key drivers of Vietnam’s growth in 2022, is showing signs of deceleration in some sectors. But overall, the General Statistics Office’s (GSO) data showed Vietnam’s total retail sales of goods and services in November increased 17.5% year-on-year (y-o-y) to an estimated 514.2 trillion Vietnamese dong (RM92bil) after a 17.1% growth […]

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Malaysia: Labour shortage, weaker ringgit among challenges faced by construction industry this year, say experts

KUALA LUMPUR, Dec 7 — A labour shortage, as well as rising raw material costs and interest rates amid the weaker ringgit have continued to weigh on the local construction sector despite the economy rebounding post-pandemic. Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Ahmad Asri Abdul Hamid said the series of overnight policy […]

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