BENGALURU: Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S. Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with low inflation compared with many other economies, […]
Read MoreThe Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment. Such a move could help offset the impact from a spate of risks to the global market, such as a prolonged Russia-Ukraine war, an energy crisis and a […]
Read MoreVientiane Times reports that the inflation rate is the highest since May 2000, with rising oil and consumer prices continuing to hit the pockets of people in Laos. Authorities say the rising price of petrol, cooking gas, and other imported items, together with the depreciation of the Lao kip, are fuelling runaway inflation. The consumer price index […]
Read MoreInsufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the number of international […]
Read MoreMANILA, Philippines — Most economists believe inflation likely quickened further to about six percent in June from 5.4 percent in May amid the steady rise in fuel prices, higher electricity rates and the weaker peso. China Bank chief economist Domini Velasquez said inflation may have accelerated to six percent last month, driven by persistently elevated […]
Read MoreThe market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce. The amount is expected to increase nearly twofold by 2025. According to the estimates of the Ministry of Commerce, the Kingdom’s e-commerce market value will […]
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