MANILA, Philippines — Consumer price growth softened in May as the domestic economy swallowed the Bangko Sentral ng Pilipinas’ aggressive rate hikes, supporting the case for a longer pause in monetary action. Inflation eased 6.1% year-on-year in May, slower than the 6.6% outturn recorded in the previous month, the Philippine Statistics Authority reported Tuesday. Core […]
Read MoreJAKARTA: Indonesia’s annual inflation rate eased to 4% in May, matching the upper end of the central bank’s target range earlier than expected, according to data from the statistics bureau. Inflation in South-East Asia’s largest economy had been above Bank Indonesia’s (BI) 2% to 4% target range since June 2022 due to pressures from rising […]
Read MoreRapid expansion of foreign food and beverage (F&B) chains in Việt Nam was making the domestic market more robust despite the trend of tightening spendings in a global downturn. HÀ NỘI — The rapid expansion of foreign food and beverage (F&B) chains in Việt Nam was making the domestic market more robust despite the trend […]
Read MoreStarting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit. In 2017, Thailand joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as the 139th member state to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), a multilateral […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) soared by 154 percent to P48.03 billion in the first five months of the year, driven by a surge in investment approvals in May. In a statement yesterday, PEZA director general Tereso Panga said the amount is 153.74 percent higher than the P18.928 […]
Read MorePrime Minister Hun Sen expressed confidence that Cambodia will become a high-middle-income country by 2030, despite the challenges posed by the global economy, the war between Ukraine and Russia, and the climate change crisis. In a graduation ceremony for students of the Royal University of Law and Economics yesterday, the premier said that Cambodia is […]
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