INDONESIA’S central bank continued to build the case to keep its policy rate unchanged for longer, as it sees subsiding food costs and slower global monetary tightening. Bank Indonesia (BI) will continue to normalise monetary policy, but there is no need to quickly raise interest rates like other countries, Governor Perry Warjiyo said in a […]
Read MorePETALING JAYA: After Malaysia’s manufacturing activity saw a muted expansion in July, ranking behind Singapore, Thailand, Indonesia, Vietnam and the Philippines, economists anticipate the momentum going forward to be “moderate”, at best. Amid the threat of inflation, recession and supply chain disruptions, the recovery in factory activities would largely depend on how external headwinds pan […]
Read MoreThailand recorded 3.12 million foreign tourist arrivals from Jan 1 to July 26, a government spokesman said on Tuesday, as the vital tourism sector picks up following an easing of pandemic restrictions. The tourists included 76,739 visitors from Russia, Thanakorn Wangboonkongchana said in a statement. He said the government was aiming for 1 million tourists […]
Read MoreSINGAPORE, Aug 2 — A study by DBS bank has found that the monthly expenses of its customers grew 22.2 per cent this May compared to May last year, which is twice that of their income growth of 11.1 per cent in the same period. Releasing the findings on Monday (Aug 1), DBS said that […]
Read MoreThe agricultural sector faced challenges during the Covid-19 crisis but remained strong, and also created opportunities, such as expanding the scope of agricultural exports to international markets, according to a report. Cambodia’s agricultural products exported to China include rice, cassava, fresh mangoes, and cashew nuts, a report from the Chinese Embassy in Cambodia said. From […]
Read MoreThe increased minimum wage, now LAK 1,200,000, is only applicable to the private sector, and will not include overtime compensation, according to the Lao Federation of Trade Unions. State media reports that Deputy Director General of the Labour Protection Department of the Lao Federation of Trade Unions, Mr. Athilate Oudomdeth, said during a meeting that the conditions […]
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