Thai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the main contributors to inflation in May will […]
Read MoreThe Government of Laos has called on society to try to save petrol as much as possible amid a growing fuel crisis in the country. Petrol prices have seen 11 adjustments this year, with the government making every attempt to reduce taxes and other tariffs to lessen the impact on consumers. Disruptions to supplies of […]
Read MoreMANILA, Philippines — The Confederation of Truckers Association of the Philippines (CTAP) is seeking government’s help through fuel subsidies on the back of rising fuel prices. CTAP president Maria Zapata hopes the government will eventually recognize the need to grant subsidies to the trucking industry, similar to the policies in other ASEAN countries, as they are […]
Read MoreThe baht opened at 34.29 to the US dollar on Friday, dropping from Thursday’s close of 34.05. The currency is expected to move in a range between 34.20 and 34.40 on Thursday, according to Krungthai Bank market strategist Poon Panichpibool. Volatility in the currency market is still supporting the dollar and pressuring the baht, Poon […]
Read MoreThailand’s headline consumer price index (CPI) rose a slower-than-expected 4.65% in April from a year earlier, the Commerce Ministry said on Thursday. That compared with a forecast for a rise of 4.98% in a Reuters poll and following March’s 5.73% jump. The core CPI index was up 2.0% from a year earlier, in line with […]
Read MoreMalaysia’s manufacturing showed renewed momentum in April as incoming orders recovered strongly to register the sharpest rise in eight years, S&P Global said Thursday. The S&P Global Malaysia manufacturing purchasing managers index increased to 51.6 in April from 49.6 in March. April saw a welcome surge in demand for manufactured goods and producers reported the […]
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