KUALA LUMPUR (March 3): PPB Group Bhd sees an increase of between 30% and 38% in its utility cost, after the government removed electricity subsidies and raised the power tariff for medium- and high-voltage users to a surcharge of 20 sen per kWh from Jan 1. PPB managing director Lim Soon Huat said the group is improving […]
Read MoreThe surplus for Cambodia in the bilateral trade with Japan has decreased about 12 percent to nearly $400 million in 2022 compared to $453 million in the previous year as the exports from the former to the latter increased slower than the imports from the latter to the former even though the total trade volume […]
Read MoreThe Bangko Sentral ng Pilipinas (BSP) [link], our central bank, said that it expects February inflation to “settle” between 8.5% and 9.3%. Noting that inflation is “still elevated”, the BSP said that the largest upward price pressures would continue to come from LPG prices and basic food items like meat, fish, eggs, and sugar. Due to January’s […]
Read MoreThe Asia-Pacific region’s economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit. A new report by the Apec Policy Support Unit (PSU) indicated the region’s GDP growth will pick up shortly […]
Read MoreThe Ministry of Planning and Investment has proposed the Government turn down the HCMC government’s proposal to impose a higher property tax on people who own a second home. It reasoned that the proposal still had inadequacies as owners of several small houses or plots of land would have to pay heavy tax while owners […]
Read MoreSINGAPORE’S retail sales dipped 0.8 per cent on the year in January, mainly on lower motor vehicle sales that corresponded with the lower Certificate of Entitlement quota, Department of Statistics (Singstat) data showed on Friday (Mar 3). This marked a reversal from December 2022’s 7.7 per cent growth. If not for motor vehicle sales, retail […]
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Thailand
