RESALE prices of private condominiums dropped for the first time in 28 months, as prices slipped in the city fringe and suburban areas, and dragged on overall prices in January. Flash estimates from SRX and 99.co on Monday (Feb 27) showed that overall condo resale prices in January dipped 0.6 per cent month on month. […]
Read MoreKUALA LUMPUR, Feb 27 — The Producer Price Index (PPI) for local production, which measures prices of goods at the factory gate, grew at a slower pace of 1.3 per cent year-on-year (y-o-y) in January 2023 compared with 3.5 per cent y-o-y in December 2022, the Department of Statistics Malaysia (DoSM) reported today. Based on […]
Read MoreThe government will take further action to stabilise currency exchange rates and inflation, rein in rising prices, and foster trade and investment, in a bid to revive the economy and overcome the financial crisis. The intention to more forcefully tackle the country’s continuing economic woes was made clear during the government’s monthly meeting on Friday, […]
Read More(Bloomberg) — The Indonesian rupiah has charged to the top of Asia’s currency leaderboard but its moment in the sun may be short-lived. Risks to the outlook are building as traders reassess how high US rates may go and support from Indonesia’s current-account balance wanes. All this is likely to hurt the rupiah, which has […]
Read MorePHUKET: The Provincial Public-Private Joint Economic Development Committee in Phuket has warned airlines not to sell overpriced tickets to tourists who wish to travel to the resort island, especially during long holidays. The committee said on Saturday it will try to intervene in response to tourist complaints about rising fares, despite finding evidence the fares are […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging banks and financial institutions to reduce or eliminate fees for electronic fund transfer to boost the government’s efforts to transform the Philippines into a cash-lite from a cash-heavy economy. During the Annual Reception for the Banking Community Friday, BSP Governor Felipe Medalla said the […]
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Thailand
