MANILA, Philippines — The country’s headline inflation rate rose to 6.1 percent in June, the highest in more than three years, driven by rising food prices and transport costs, the Philippine Statistics Authority (PSA) said. In a briefing yesterday, national statistician Dennis Mapa said the 6.1 percent June inflation matched the rate in November 2018, […]
Read MoreINDONESIA has raised the palm oil export quota in a bid to cut soaring inventories of the edible oil, a Trade Ministry official said on Tuesday (Jul 5), as a council member in a plantation area warned farmers faced an “emergency” due to tumbling prices. The world’s top palm oil producer has been forced to […]
Read MoreSINGAPORE will not consider controls on petrol and diesel pump prices, even as fuel costs here climb on the back of higher global crude oil prices, Minister of State for Trade and Industry Low Yen Ling said in Parliament on Tuesday (Jul 5). “The government’s approach is to ensure that we have a competitive fuel […]
Read MoreTHE risk of recession in a handful of Asian economies is rising as higher prices spur central banks to accelerate the pace of their interest rate hikes, according to the latest Bloomberg survey of economists. Sri Lanka, which is in the midst of its worst economic crisis ever, has an 85 per cent probability of […]
Read MoreThe US Department of Agriculture (USDA) noted the market is fond of fragrant rice from Vietnam, including the ST25, one of the world’s best rice varieties. Vietnam’s rice exports to the US surged by 71.3% during the first five months of this year, the highest increase in all major markets. A report from the Ministry […]
Read MoreAnalysts suggest adjusting portfolios and investing in defensive stocks such as healthcare and ICT to hedge against soaring consumer prices as inflation jumped to 7.66% in June, the highest in 14 years. The core inflation rate stood at 2.51%, the most since March 2012, giving the average six-month inflation rate during January to June at […]
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Thailand
