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Singapore overall inflation turns negative for first time since late 2016 amid Covid-19 measures

SINGAPORE – With consumption stymied by Covid-19 circuit breaker measures, overall inflation in Singapore turned negative in April for the first time since October 2016 on a sharp drop in car prices, while core inflation slid deeper into the same territory, official data released on Tuesday (May 26) showed. Core inflation, which excludes accommodation and private road […]

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Cambodia: Government confirms allowances transferred

The government confirmed that it transferred some of its out-of-work allowances yesterday, issuing payments of up to $40 to more than 30,000 factory and tourism workers, whose jobs have been temporarily suspended because of the COVID-19 pandemic. According to the Ministry of Labour, a total of $684,294 was paid to 33,231 suspended workers from 83 […]

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Thailand: April factory output drops 17.2%

The manufacturing production index (MPI) declined for a 12th straight month in April, down 17.21% from a year earlier, hit by lower production of cars, petroleum and beer amid the coronavirus outbreak, the industry ministry said on Wednesday. That compares with a forecast for a drop of 19.55% in a Reuters poll, and against March’s […]

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