KUALA LUMPUR, May 20 — Malaysia’s consumer goods price inflation dropped 2.9 percentage points in April compared to the same period last year, with fuel recording the sharpest drop, official figures released showed today. The Department of Statistics’ latest inflation data marks the lowest monthly year-on-year consumer price index rate, but was expected as the […]
Read MoreMANILA, Philippines — Economists expect a bigger drop in remittances from overseas Filipino workers (OFWs) this year due to job losses resulting from lockdowns in host countries amid the coronavirus disease 2019 or COVID-19 pandemic. Euben Paracuelles, economist at Japanese investment house Nomura, said the amount of money sent home by OFWs to their loved […]
Read MoreAfter lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump […]
Read MoreThe Hanoitimes – AEONMall is pushing forward for the construction of the third shopping mall in Hanoi. Vietnam in general and Hanoi in particular is a priority for investment for AEONMall, stressed Tetsuyuki Nakagawa, director general of AEONMall Vietnam, in a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue, also attended by Deputy […]
Read MoreThe World Bank will support Myanmar under a new country partnership framework from 2020 to 2023, it said on May 18. The framework will focus on three areas – building human capital and fostering peaceful communities, stimulating responsible private sector-led growth and inclusive economic opportunities, and enhancing the resilience of Myanmar to cope with natural […]
Read MoreMANILA, Philippines — Repairing the pandemic’s damage on the government’s hard-earned strong balance sheet will go beyond the Duterte administration, a consequence of the health crisis and a necessary shift in priorities from achieving historic fiscal ambitions to saving lives and addressing people’s needs. “Revenues will normalize in about 4 to 5 years as what […]
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