The government has pledged to revitalise tourism, stimulate domestic spending, and spur exports and investment to help economic growth reach its 4% target this year. Deputy Prime Minister Supattanapong Punmeechaow said the government still maintains an economic growth target of 4% this year although various economic forecasting agencies have downgraded their outlook to only 2.7-3% […]
Read MoreSINGAPORE – Electricity prices are likely to increase as Singapore’s electricity overcapacity situation normalises and fuel prices rise, said Second Minister for Trade and Industry Tan See Leng on Thursday (March 4). However, he noted that price surges and volatilities will be managed. “Even when prices do go up, we will do our best to […]
Read MoreAuthorities have set new electricity rates for households, organizations, and businesses this month throughout the country. According to a notice issued by the Ministry of Energy and Mines (MOEM), Lao Authorities have decided to increase electricity prices for households and small businesses by 2 percent, effective this month. Notice on Electricity Rate Increase, March 2021 The total […]
Read MoreThough the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging. With 300,000 cars sold in 2020, Vietnam has surpassed the Philippines to become the fourth largest automobile market in the region, according to AAF (ASEAN Automotive Federation). Thailand led the region with 792,146 cars sold in […]
Read MoreMANILA, Philippines (UPDATE 12:06 p.m., March 5)— Inflation soared to a level not seen since it eroded growth in 2018 as new sources of price pressure appeared with rising crude costs, exacerbating the impact of costly food yet to be convincingly addressed. Consumer prices rose 4.7% year-on-year in February, up from 4.2% in January and the highest since December […]
Read MoreSOME emerging markets managed to stage a great escape from the ravages of Covid-19 by deploying all sorts of clever and ambitious monetary policy tools. Others behaved exactly as you’d expect amid the worst economic crisis since the Great Depression, with central bankers scrambling to avoid a massive rout. The elusive dividing line between these […]
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Thailand
