JAKARTA: Indonesia’s annual inflation rate hit an 18-month high in December, reaching 1.87%, driven by rising prices of foodstuff and plane tickets, data issued by the country’s statistics bureau shows. A Reuters poll had expected a rate of 1.80% in December. The previous month’s inflation rate was 1.75%. Bank Indonesia is targetting inflation to be […]
Read MorePETALING JAYA: More retail players with established online businesses are expected to increase their visibility into physical stores and incorporate an omnichannel sales approach. This multichannel approach, according to Hong Leong Investment Bank (HLIB) Research, is quickly gaining traction in spite of the fact that the pandemic has spurred growth in demand for e-commerce. The […]
Read MoreKUALA LUMPUR: Malaysia’s complete trade surpassed the RM2 trillion mark for the primary time in historical past, increasing 24.6 per cent year-on-year (y-o-y) to RM2.01 trillion from January to November 2021. Malaysia External Trade Development Corporation (Matrade) mentioned throughout the interval, exports elevated by 25.7 per cent y-o-y to RM1.11 trillion, imports rose by 23.3 […]
Read More[KUALA LUMPUR] Malaysia’s state energy firm Petronas said on Tuesday that it anticipates recovery in oil demand from the impact of the coronavirus pandemic to remain fragile and uncertain in the next few years. The industry was optimistic about economic recovery but remained cautious and needed to be ready to face oil price volatility, Petronas […]
Read MoreKUALA LUMPUR, Dec 24 ― The ringgit extended its uptrend today as reduced Omicron fears helped boost risk appetite. At 9.05am, the local note stood at 4.1960/2010 versus the greenback compared with 4.1980/2020 at yesterday’s close. Data show that Omicron has lower risk of hospitalisation while its patients have also suffered milder symptoms. A trader […]
Read MoreKUALA LUMPUR: The government should continue its existing income relief measures to target groups for at least another six months to maintain financial support for the poor and vulnerable group in the near term, said the World Bank Group. Senior economist on Poverty and Equity Dr Ririn Salwa Purnamasari said there is an ongoing need […]
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Thailand
