The downward trend in the annual inflation rate continued in July, the lowest since 2000, as the COVID-19 pandemic ravages people’s purchasing power. Statistics Indonesia’s (BPS) consumer price index (CPI) was up by 1.54 percent year-on-year (yoy) in July, below Bank Indonesia’s (BI) target range of between 2 and 4 percent for the year. It […]
Read MoreDESPITE challenges posed by the Covid-19 pandemic, Singapore-listed companies charted a new record in governance and transparency this year. The Singapore Governance and Transparency Index (SGTI) 2020 surged to an all-time high score of 67.9 points, compared with 59.3 last year. The increase means that companies fared better in corporate governance disclosures compared to 2019. […]
Read MoreForeign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation. The European Chamber of Commerce in Vietnam (EuroCham) has just announced the Business Climate Index (BCI) for the second quarter, showing […]
Read MoreSINGAPORE – Manufacturing activity made a surprise jump into expansion territory in July after five straight months of contraction amid the coronavirus-induced slump. However, the outlook for the rest of the year remains uncertain amid a resurgence in infections in several major economies, prompting re-imposition of some lockdown measures. The Purchasing Managers’ Index (PMI) rose […]
Read MoreThe government has ordered state-owned electricity giant PLN to waive minimum monthly electricity fees for businesses, industries and public services to expedite Indonesia’s economic recovery. The fees will be waived for 400,000 such entities for power consumed between July and December. The deductions will be reflected in bills in the following month. The electricity giant […]
Read MoreMANILA, Philippines — Money sent home by overseas Filipino workers (OFWs) contracted for the third straight month, plunging by more than 19 percent in May due to the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Based on data released by the BSP, personal remittances fell by 19.2 percent to […]
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Thailand
