Indonesia recorded “unusually” low inflation at the start of Ramadan in April as the COVID-19 pandemic reined in household spending, according to Statistics Indonesia (BPS). The consumer price index (CPI) stood at 0.08 percent in April, much lower than the 0.44 percent recorded in the same month last year, the BPS announced on Monday. The […]
Read MoreCambodia is expected to see a first flow of Chinese tourists visiting the country when the world is clear of COVID-19. Chinese tourists form the largest market for Cambodia. The Ministry of Tourism says it is preparing to receive many visitors from the country soon. Chinese tourists are a major market that will rebound and […]
Read MoreMANILA, Philippines — The Philippines’ largest canned goods manufacturer is gaining some windfall from home-stay consumers during the community quarantine, but some retailers that sell them not so much. In a statement to Philstar.com last Friday, Century Pacific Foods Inc. said it sees some “upside to our usual 10-15% annual growth goals” in profits this year as […]
Read MoreThe Jakarta Post/Jakarta Indonesia’s top gas distributor, PGN, booked a sharp profit slump in this year’s first quarter, largely due to the weakening rupiah exchange rate, despite a modest increase in sales volume. PGN, which operates over 90 percent of the country’s gas pipe network, recorded US$47.8 million in profits between January and March, down […]
Read MoreDeveloping countries such as Cambodia are facing more challenges from the global virus crisis, which questions have been raised over social unrest because of the rise of unemployment. Things cannot be predicted because 130 garment factories have applied for suspension, affecting 100,000 workers, while according to the Garment Manufacters Associatin of Cambodia (GMAC), approximately 60 […]
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Thailand
