The Bank of Thailand (BoT) on Monday pledged to maintain its accommodative monetary policy stance to support a nascent economic recovery, saying it can “look through” short-term volatility in inflation. “Inflation is accelerating as a result of supply-side factors,” the BoT said in a presentation at an analyst meeting. “In the current context, the monetary […]
Read MoreDEVELOPERS in Singapore sold 654 new private homes in March, climbing 20.7 per cent from 542 units in the previous month. Monday’s (Apr 18) data from the Urban Development Authority (URA) was marginally higher than consultants’ estimated 651 units, published by The Business Times on Apr 11 . Including executive condominiums (ECs), which are a public-private housing hybrid, […]
Read MoreMANILA, Philippines — All countries are urged to keep their trade open to support vulnerable economies, especially net-importing ones that are bearing the brunt of rising commodity prices due to the Russia-Ukraine war. In a joint statement, the World Bank Group, International Monetary Fund, United Nations World Food Program and the World Trade Organization called […]
Read MoreAlthough Thailand has banned the use of digital assets to pay for goods and services, some organisations think they may still be used as a future alternative currency. REDEFINING CURRENCY The Federation of Thai Industries (FTI) believes cryptocurrency may become an alternative currency, to be used alongside physical money, with the Russia-Ukraine war boosting the […]
Read MoreCambodia counted nearly 4.6 million domestic tourists over this year’s three-day public holiday for the Khmer New Year, including 4.5 million Cambodians and nearly 30,000 foreign residents – a number which officials have said is similar to that seen pre-pandemic. Minister of Tourism Thong Khon said that a total of 4,590,326 sightseers were recorded across […]
Read MoreThe proportion of adults using smartphones in Vietnam is 73.5%. Vietnam aims to increase the rate to 85% by the end of 2022, according to the draft National Digital Infrastructure Strategy to 2025 and the 2022 plan. According to the Department of Telecommunications (of the Ministry of Information and Communications), by the end of 2021, […]
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