The World Bank is maintaining a bleak outlook for Myanmar in the wake of last year’s military coup and the ongoing pandemic, according to its latest Myanmar Economic Monitor, released on Wednesday. The international lender estimates that Myanmar’s economy shrank 18% in the fiscal year through last September, and projects just 1% growth in the […]
Read MoreCommerce Minister Jurin Laksanawisit has pledged to tackle high palm oil prices this week after cooking oil prices jumped to nearly 70 baht per bottle from 56-60 baht at the end of last year. Speaking after chairing a war room yesterday to supervise ongoing increases in essential consumer goods prices including cooking palm oil, Mr […]
Read MoreMANILA, Philippines — Wholesale prices of building materials in Metro Manila surged in November as the easing of the alert level system prompted more construction activities, the Philippine Statistics Authority (PSA) said. The latest Construction Materials Wholesale Price Index (CMWPI), which is used as a reference in the costing of government projects, swelled 5.4 percent […]
Read MoreCambodia’s economy will probably grow 5.2 percent this year, according to the ASEAN+3 Macroeconomic Research Office. AMRO cut its October forecast of 6.6 percent for 2022 gross domestic product (GDP) but raised its estimate for 2021 by one percentage point to 2.9 percent after one of the region’s fastest vaccination campaigns allowed the country to […]
Read MoreAlthough few foreigners have arrived in Laos after the government reopened the country to international travellers this month, local people are making up for the absence of foreign visitors and tourism is booming. Lao Airlines has added more flights to the most popular destinations while tickets for train travel are sold out every day, including […]
Read MoreSINGAPORE’S manufacturing sector grew by 13.2 per cent year on year in 2021, jumping from the 7.5 per cent expansion in 2020, according to fresh figures on Wednesday (Jan 26). Full-year growth was driven by electronics and its adjacent precision engineering cluster, and supported by both the volatile pharmaceuticals cluster and a recovery in transport […]
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