The annual headline consumer price index (CPI) in April rose for the first time in 14 months due to higher oil and food prices in addition to the ending of government subsidies on utilities, the commerce ministry said on Wednesday. The headline April CPI increased a more than expected 3.41% from a year earlier, also […]
Read MoreJAKARTA (REUTERS) – Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace as the government boosted spending and higher commodity prices helped exports, statistics bureau data showed on Wednesday (May 5). The outlook, however, is being clouded by continued Covid-19 infections, which are weighing heavily on household consumption, […]
Read MoreTo make it easier for people living in Phnom Penh’s Red Zones to shop through the Ministry of Commerce’s online site (shop.moc.gov.kh), Cellcard has partnered with the Ministry of Commerce to provide a customer service hotline on the internet. The new hotline is designed to deal with concerns voiced by people in the Red Zones […]
Read MoreThe baht opened at 31.18 to the US dollar on Wednesday, weakening from its previous close of 31.14. The Thai currency is likely to move between 31.15 and 31.25 during the day and between 31.10 and 31.40 this week, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tends to fluctuate according to […]
Read MoreMANILA, Philippines — The Philippines is urging Manila-based Asian Development Bank (ADB) to expand its loan portfolio in developing countries, including the Philippines, to help expedite economic recovery amid the pandemic. During the opening of the 54th Annual Meeting of the ADB Board of Governors, Finance Secretary Carlos Dominguez urged the multilateral lender to seriously […]
Read MoreMonetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong. As a “veins” for the economy, the banking sector should continue to push for a comprehensive reform to better support the country’s process of modernization […]
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