SINGAPORE: Oil’s relentless surge above $125 (RM522.95) a barrel threatens to stoke inflation across Asia, forcing central banks to decide whether to respond to higher prices with tighter policy, or hold off amid the blow to economic growth. As a net importer of energy, Asia is vulnerable to the oil price spike triggered by Russia’s […]
Read MoreMANILA, Philippines — Agriculture Secretary William Dar is urging ASEAN countries to look at rice-based food systems in the region to help mitigate scarcity in wheat and corn amid the Ukraine-Russia conflict. “With the other side of the world embroiled in conflict, we should explore insights from the rice-based food systems of Asia and Southeast […]
Read MoreTravel in Asia-Pacific is trailing the rest of the world and should expect a bumpy recovery, a Booking.com executive said on Monday, as countries in the region have been slower to open borders than other destinations. With North Asian countries still largely restricting entry and Southeast Asian countries reopening cautiously, the region’s tourism recovery will […]
Read MoreA new travel bubble that will facilitate easier travel between three of Southeast Asia’s most popular destinations for backpackers is set to launch later this month. The Vaccinated Travel Lane (VTL), which is set to be similar in nature to those that have previously been in effect between Singapore and several other nations, could go […]
Read MoreMANILA, Philippines — Motor vehicle and motorcycle assembly and sales in the Philippines declined in January compared to a year ago, as a surge in COVID-19 cases due to the Omicron variant dampened consumer demand and affected operations. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the Philippines was among […]
Read MoreAFP – Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. “Noting the unprecedented nature of the current conflict and the uncertain economic environment,” Mastercard said it had “decided to suspend our network services […]
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Thailand
