MANILA, Philippines (Update 1, 1:46 p.m.) — Consumer price growth softened to its lowest level in 7 months in July to return to the government’s target, mainly due to easing transport costs. Inflation, as measured by the consumer price index, cooled down 4% year-on-year in July, slower than 4.1% clip recorded in the preceding month, the Philippine Statistics […]
Read MoreCambodia’s new investment draft law is set to introduce new incentives for people to invest in the country. The law is currently pending approval from the Senate and National Assembly before it is promulgated by the King and presumably enacted late next year. It is expected that the law will encourage investments in the country’s […]
Read MoreThailand’s manufacturing production index (MPI) is expected to grow by 4-5% this year, up from an earlier forecast of 2-3% made by the Office of Industrial Economics (OIE), due mainly to fast-growing exports. The adjustment in the forecast was announced as the OIE reported the MPI index for June increased by 17.58% year-on-year to 97.73 […]
Read MoreSINGAPORE – Retail sales in Singapore rose 25.8 per cent in June on an annual basis, aided by a low base in the same month last year when stricter curbs to contain the Covid-19 pandemic were in place. The year-on-year growth in June was smaller than the 79.9 per cent jump in May due to circuit breaker measures […]
Read MoreMANILA, Philippines — Higher infrastructure spending in the second half ahead of the national elections in May next year may result in a wider current account (CA) deficit, according to Nomura Singapore Ltd. In a report, Nomura said the government may ramp up its infrastructure spending, resulting in higher imports and wider trade deficit. “Nomura […]
Read MoreThe Cambodian government is looking seriously at adjusting compulsory quarantine to facilitate visits by investors, businesspeople and employers as a means of revitalising the economy. The move is being considered after the private sector raised concerns about compulsory quarantine for non-residents, business owners, employers and employees travelling into Cambodia. The discussion on the matter was […]
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