MANILA, Philippines — Private consumption is expected to stay muted this year as the labor market remains challenging and as households continue to rebuild savings lost since the pandemic started. In its latest economic monitor, Pantheon Macroeconomics said consumption, which accounts for over 70 percent of the economy, is still fragile due to non-virus headwinds. […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade sales in November 2021 recorded the highest level seen on record, increasing by 7.0 per cent year-on-year to RM118.1 billion, breaching the previous month’s level of RM116.2 billion, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed […]
Read MoreThe economy could see lower growth in the first half than a baseline scenario due mainly to uncertainties caused by the Omicron variant of Covid, according to the Bank of Thailand. Thailand is expected to be able to control the Omicron outbreak within the first quarter, which means the pandemic’s main impact would be felt […]
Read MoreChina will resume customs clearance at three border crossings in Quang Ninh Province from January 11, according to the Ministry of Industry and Trade. Three border crossing reopened: Bac Luan 1 bridge, Bac Luan 2 bridge and Km 3+4 floating bridge. These bridges are crucial to trade flows between Quang Ninh and Guangxi (China). Upon […]
Read MoreSINGAPORE intends to continue gradually reopening its borders, and has plans to restore quarantine-free travel with more countries and regions, said Minister for Transport S Iswaran. Though the government had moved to place curbs on the Vaccinated Travel Lanes (VTLs) in response to the global Omicron variant wave, Iswaran on Monday (Jan 10) assured the House that […]
Read MoreThe baht opened at 33.62 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 33.50 and 33.70 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate during the day as the dollar strengthened after investors […]
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