MANILA, Philippines — The government paid a record P1.2 trillion in domestic and foreign debts last year as part of efforts to trim borrowings made during the pandemic. According to the Bureau of the Treasury, debt service jumped by more than 25 percent to an all-time high of P1.2 trillion in 2021 from P962.47 billion […]
Read MoreCambodia recorded an increase in this year’s rice exports for January and February compared to the same period in the previous year. This is according to a statement from the Ministry of Agriculture, Forestry and Fisheries released to local news in March 14. According to the statement from the Ministry, in the first two months […]
Read MoreWith Thailand’s inflation galloping, unemployment relatively high and the outlook for economic growth dimmed by another outbreak of Covid-19, economists and analysts are increasingly warning of a possible bout of stagflation. Stagflation is a combination of stagnation and inflation. It describes an economic condition characterised by slow growth and high unemployment (economic stagnation) mixed with […]
Read MoreA petroleum shortage linked to Russia’s invasion of Ukraine is driving up prices for commodities, but analysts say those could bring a windfall to Indonesia, Southeast Asia’s largest economy and a major producer of coal, palm oil and nickel. Neighboring Malaysia, meanwhile, has had to increase government subsidies to keep prices down at the pump […]
Read MoreKUALA LUMPUR (March 14): Scientex Packaging (Ayer Keroh) Bhd (formerly known as Daibochi Bhd) will wade through higher raw material costs and logistics expenses — as a result of the Russia-Ukraine conflict — on the back of its capacity expansion, according to CGS-CIMB. In a note on Monday (March 14), CGS-CIMB analyst Kamarul Anwar said […]
Read MoreUnder the move, the retail price of fuels would see a reduction of VND2,200 per liter (including the value-added tax) and VND1,100 for diesel. The Ministry of Finance (MoF) announced its intention to cut the environmental protection tax on petrol by half, or VND2,000 per liter, and VND1,000 on diesel. The move, scheduled to take […]
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Thailand
