Volatile oil prices continue to cast a shadow over any recovery in the aviation sector, even as tourism shows signs of improvement as a result of border entry relaxations during the first quarter this year. “The airline business has grappled with the pandemic for more than two years. Oil prices account for 30% of operational […]
Read MoreSINGAPORE will strive to keep its borders open and stay connected to the rest of world even if a new variant of Covid-19 emerges, Transport Minister S Iswaran said. The island city has learned from its past experiences of dealing with Covid variants, Iswaran said Wednesday in an interview with Bloomberg News. When Omicron hit, […]
Read MoreMay 19 : Malaysia’s exports in April rose 20.7 per cent from a year earlier, above forecast, government data showed on Thursday. April’s exports were expected to rise 19.7 per cent, according to 13 economists surveyed in a Reuters poll. Imports in April grew 22 per cent from a year earlier, the data showed. Analysts were expecting […]
Read MoreGovt targets 875,000 MSMEs to embrace digital e-commerce in society and aims to bring 80% of its services online for both by 2025 Malaysia’s digital economy is expected to contribute 22.6% of Malaysia’s GDP and create about 500,000 new jobs by the year 2025, says Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. […]
Read MoreEconomist at UOB Group Enrico Tanuwidjaja reviews the improvement in the consumer sentiment gauge in Indonesia. Key Takeaways “Indonesia’s Consumer Confidence Index increased slightly in Apr to 113.1, up by 2.1pt from March’s 111.0.” “The Current Economic Condition Index increased slightly to 98.9 in Apr from Mar’s 93.9.” “Consumer generally remains upbeat on the economy […]
Read MoreThe government will continue to cap the diesel price at 32 baht a litre thanks to the increased diesel excise tax cut of five baht a litre, says the board of the Oil Fuel Fund. Authorities will spend around two baht of the five-baht reduction supporting the subsidy programme, allowing them to maintain the retail […]
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Thailand
