The government has raised its forecast for the country’s inflation rate this year to 0.7-1.7% from 0.6-1.6% as an improving economy and daily minimum wage hike are expected to push up consumer prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the rates will also be boosted by a growing global economy, […]
Read MoreKUALA LUMPUR: Malaysia has the opportunities to further develop its maritime economy, with the support of numerous shipyards, ports and terminals, in addition to a prime geographic location. Nazery Khalid, honorary secretary of the Association of Marine Industries Malaysia and head of planning and development, Boustead Heavy Industries Corp , said there were still opportunities for maritime […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said inflation last month could have touched the higher end of the two to four percent target as prices of petroleum products and other consumer goods went up following the implementation of the tax reform law. The central bank’s Department of Economic Research said inflation in […]
Read MoreMalaysian credit rating agency RAM reaffirmed Cambodia’s poor ratings on the global and Asean scales, pointing to the country’s poor business environment and weak institutional capacity. The ratings – ‘gB1(pi)/stable/gNP(pi)’ on the global scale and ‘seaBB3(pi)/stable/seaNP(pi)’ on the Asean scale – mean the country is facing a lack of development, coupled with a poor business […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency plans to include digital currency as a component to calculate inflation. The e-money element will be included as an item in the financial services component. “We will begin the survey, to see how many people use e-money,” BPS deputy for distribution and service statistics Yunita Rusanti said yesterday, Feb. 1. […]
Read MoreKUALA LUMPUR: Malaysia’s economy is vibrant and stable, with a sufficient foreign currency reserve, said Chinese Ambassador Bai Tian. The increasingly stronger Ringgit and a 14.8% growth of foreign trade in 2017, he said, resulted in different international finance agencies adjusting the forecast of Malaysia’s growth rate as China believe in its potential. Speaking at […]
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Thailand
