Increased hotel room prices and living expenses in Japan will not significantly affect tourists with high purchasing power as they usually demand premium services, but the outbound market could slow based on seasonality. A survey by hotel research firm STR found Tokyo’s room rates already exceeded the level recorded before the pandemic. A domestic travel subsidy scheme […]
Read MoreJAKARTA : Indonesia’s consumer price index in April rose 4.33 per cent annually, data from the statistics bureau showed on Tuesday, slowing from 4.97 per cent in March and slightly below expectations. The annual inflation came slightly below the 4.39 per cent predicted in a Reuters poll. On a monthly basis, the consumer price index […]
Read MoreCambodia has the potential to scale up investment in renewable energy and energy efficiency using its abundant solar energy resources, according to observations in the Asian Development Bank’s Asian Development Outlook (ADO) in April 2023. “Scaling up green investment in priority sectors would help Cambodia unlock its long-term growth potential. The government is committed to […]
Read MoreMANILA, Philippines — Inflation likely stayed above seven percent in April, way above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to economists. ANZ Research chief economist Sanjay Mathur, economist Debalika Sarkar, and senior strategist Irene Cheung said inflation last month further eased to 7.3 percent from a […]
Read MoreSingapore is expected to post slower economic growth this year, but it “should avoid an outright contraction,” Singaporean Prime Minister Lee Hsien Loong (李顯龍) said yesterday. The Southeast Asian city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world. The […]
Read MoreTotal exports value increased by 10.1 per cent in fourth quarter (Q4) 2022, due to a rise in the exports unit value index by 23.1 per cent which was mainly contributed by index of beverages (31.0 per cent), mineral fuels (24.1 per cent) and manufactured goods (20.4 per cent). Rising prices of these commodities in […]
Read More
Thailand
