PETALING JAYA: Supply-side constraints especially from the chip sector have impeded the growth of the automotive industry. Statistics released by the Malaysian Automotive Association (MAA) showed that ongoing computer chip shortage and the disruption of the supply chain due to the December floods had affected total industry volume (TIV) numbers in January 2022. Proton appeared […]
Read MoreDespite growth prospects, the Thai economy still has to brave a spate of risk factors such as high inflation, soaring energy prices, persistent Covid-19 outbreaks and relatively hefty household debt, says Deputy Prime Minister Supattanapong Punmeechaow. According to Mr Supattanapong, rising inflationary pressure driven by recovering global demand and the escalating conflict in Europe may […]
Read MoreMANILA, Philippines — Asian economies should keep their debts in check as they may find it difficult to overcome financial threats during the pandemic, a former senior manager at the World Bank Treasury said. In a study titled “Debt management capacity: a tale of three Asias,” former World Bank executive Phillip Anderson said Asian countries […]
Read MoreA lower domestic tax rate for petrol products, especially the environmental protection tax, should be considered to prevent the prices in the domestic market from rising. Prime Minister Pham Minh Chinh urged Government agencies to study the possibility of lowering environmental protection tax for petroleum products. Under the directive, the Ministry of Finance (MoF) and […]
Read MoreThe battle against inflation which began from the US and the UK has now crossed to Asia and as far as Singapore which reported the highest increase in prices in nine years. Singapore’s core inflation in January advanced to 2.4% year-on-year, the highest level in more than nine years, data released by the government showed. […]
Read MoreSihanoukville Autonomous Port (PAS) recorded a net profit of $5.9 million for the fourth quarter in 2021 due to an increase in container throughput and foreign exchange gains. PAS has also posted a 4.21 percent increase in revenue at more than $21 million in the fourth quarter, as against revenue of $864,729 for the same […]
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Thailand
