CONSUMER prices picked up at the fastest pace in 3 years in the Philippines and moderated only slightly in Thailand in April, complicating central bankers’ efforts to keep post-Covid recoveries on track. The Philippines CPI reading released Thursday (May 5) – a 4.9 per cent year-on-year climb – was the hottest inflation since December 2018, […]
Read MoreA joint meeting to revitalise the tourism sectors in Cambodia, Laos and Vietnam (CLV) was held on May 4, said Tourism Development and International Cooperation director-general Thong Rathasak. He said the working group on Implementing the Tourism Development Plan for the Development Triangle Region (2020-2025) and Vision 2030 with Vietnam and Laos, wants to promote […]
Read MoreMANILA, Philippines — The number of unemployed Filipinos fell in March amid easing pandemic curbs, but analysts believe rising commodity prices could spoil the job market’s nascent recovery. There were 2.87 million Filipinos who were either jobless or out of business in March, the Philippine Statistics Authority reported Friday, This was lower than the 3.13 […]
Read MoreThe lack of charging infrastructure in public places and traveling distances remain barriers to the use of electric vehicles among Vietnamese and Southeast Asian consumers. Lower fuel costs, concerns about climate change/ emissions reduction, and a better driving experience are the top factors motivating consumers in Vietnam and other Southeast Asian countries to decide to […]
Read MoreSavannakhet province is facing an acute fuel shortage making it difficult for people to commute. Addressing the issue, the Director of the Department of Industry and Commerce of Savannakhet Province, Mr Phosysoy kuthilath, told the local media that fuel prices have been steadily rising, with oil prices having fluctuated 11 times since early 2022. The […]
Read MoreAFP – Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia. US central bank officials announced an expected half-point lift in borrowing costs – the biggest since 2000 – as […]
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