MANILA, Philippines — Inflation rates are likely to be back on target in Asia by the third quarter, with fuel prices seen to decline further and food prices expected to ease, according to think tank Oxford Economics. “Ebbing supply-side shocks and demand-side weakness mean headline inflation is likely to fall sharply in Asia over H1 […]
Read MoreSluggish global demand led to a 21 percent decline in apparel exports from Cambodia in December 2022, which in turn lowered the sector’s overall performance for the year. With December not playing a dampener, the annual exports data would have been better than the 12.69 percent increase over the previous year. The export of apparel […]
Read MoreVietnam needs to make efforts to change the perception of the country as a low-cost destination and lure more upscale Chinese tourists. The border gates between China and other countries, including Vietnam, are seeing thousands of entries and exits as China officially reopened its border on January 8, 2023. The number of people registering for […]
Read MoreNEW private home sales plummeted in December to the lowest since 2009, according to data released by the Urban Redevelopment Authority on Monday (Jan 16). Developers in Singapore sold a total of 170 units last month, excluding executive condominiums, down 34.6 per cent from the 260 units moved in November last year. The latest December […]
Read MoreThe airports in Cambodia are set to benefit from the easing of travel restrictions announced by China last month, according to VINCI Airports. VINCI, which operates three airports in Cambodia, said in a statement: “The easing of travel restrictions in the first quarter of 2023 announced by the Chinese authorities should benefit these Asian airports […]
Read MoreMANILA, Philippines — The Philippine economy likely posted a much slower growth rate in the fourth quarter of 2022 after posting above-seven percent growth in the first three quarters of last year, according to United Kingdom-based think tank Pantheon Macroeconomics. “Growth likely fell to 4.6 percent year-over-year, after five straight quarters of seven percent prints […]
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