Headline consumer price index (CPI) fell a smaller than expected 0.98% in July from a year earlier as food prices increased and domestic activity resumed after the easing of coronavirus curbs, the Commerce Ministry said on Thursday. The reading — the smallest decline in four months — compared with a forecast for a fall of […]
Read MoreThe government will make the Credit Guarantee Scheme (CGS) operational by October or November, according to a senior official at the Ministry of Economy and Finance (MEF). Minister of Economy and Finance Aun Pornmoniroth in July approved in principle the concept of a strategic framework for establishing the Credit Guarantee Corp Cambodia CGCC). The initiative […]
Read MoreECONOMISTS appear mixed on Indonesia’s economic outlook following the release of its second-quarter gross domestic product (GDP) on Wednesday. Indonesia’s Q2 GDP shrank by a 5.3 per cent year on year, which was sharper than the 4.7 per cent predicted by private-sector economists, according to a Bloomberg poll. This is Indonesia’s weakest showing since the […]
Read MoreCASHBACK startup ShopBack will officially launch its website and mobile app in Vietnam on Aug 8, after going through a beta phase that began last year. According to the company, online shoppers in Vietnam can now earn up to 25 per cent cashback from ShopBack Vietnam’s merchants. These include regional brands such as Lazada and […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has revised the inflation assumption for this year amid the uptick in July and rising global oil prices. In a virtual press briefing, BSP Deputy Governor Francisco Dakila Jr. said the Cabinet-level Development Budget Coordination Committee (DBCC) has revised the inflation target to a range of […]
Read MoreThe government is planning to expand its social aid program and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the sluggish economy in the second half of this year, as fears of a recession loom. Finance Minister Sri Mulyani Indrawati said on Wednesday the government would […]
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Thailand
