ASEAN News

January 25, 2022

Singapore: MAS tightens Singdollar policy for second time in 3 months to counter rising inflation

SINGAPORE – Singapore’s central bank tightened its monetary policy in a surprise off-cycle move on Tuesday (Jan 25), to help strengthen the Singapore dollar and combat inflation running at its fastest pace in nearly eight years. In its second tightening move in three months, the Monetary Authority of Singapore (MAS) raised slightly the “slope” or rate of appreciation of its Singapore dollar […]

January 25, 2022

Thailand: Only restaurants can serve alcohol until 11pm, says Anutin

The easing of Covid-19 prevention measures and allowing booze to be served until 11pm only applies to restaurants, not pubs, bars or karaoke joints, Public Health Minister Anutin Charnvirakul reiterated on Monday. The Centre of Covid-19 Situation Administration (CCSA) last week agreed to allow restaurants that meet all safety standards to extend the time they […]

January 25, 2022

Thailand: No fuel tax cut for Oil Fund, says Finance Ministry

The Finance Ministry confirmed on Monday that it will not cut fuel tax, pointing out that this would be the government’s last measure in maintaining fuel prices. Earlier, the Energy Policy and Planning Office had proposed that the fuel tax be cut to reduce pressure on the Oil Fund. Finance Minister Arkhom Termpittayapaisith said the ministry will […]

January 25, 2022

Thailand: Food exports forecast to expand by 8.4% this year

Thai food prospects remain promising, with exports forecast to grow by 8.4% this year driven by higher global demand and a rise in the prices of commodities, energy and logistics. According to Anong Paijitprapaporn, director of the National Food Institute, food exports are expected to fetch 1.2 trillion baht this year, which is likely to […]

January 25, 2022

World Bank builds offshore wind roadmap for Vietnam

The World Bank has recommended 20 actions that address three priority themes for Vietnam’s successful offshore wind industry. The ‘Offshore Wind Roadmap for Vietnam’ report is the outcome of a study that followed an invitation from the Vietnamese Government to the WB. It was carried out from February to October 2020. According to the WB, […]

January 25, 2022

Inflation in Laos jumps to highest point in 15 months

The prices of goods and services in Laos continue to rise at a rate unseen since August 2020, increasing by 5.27 percent in December last year when compared to the figures for the same period in 2020. The year-on-year inflation rate has soared above 4 percent since September 2021, driven by several factors, including the […]

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