The government is setting up a working panel to study an appropriate structure for the gross profit (GP) or commission fee applied to food vendors by online food delivery platforms to prevent operators from profiteering. Online food orders have surged during the pandemic. Wattanasak Sur-iam, director-general of the Internal Trade Department, said Commerce Minister Jurin […]
Read MoreThe headline consumer price index (CPI) rose for a second straight month in May, up 2.44% from a year earlier, the Commerce Ministry said on Friday, slightly missing analysts’ expectations. The figure, weighed down by government utility subsidies, compared with a forecast for a rise of 2.85% in a Reuters poll and followed April’s 3.41% […]
Read MoreThe online shopping wave set in motion by the pandemic, is seeing firms vertically integrate and compete for a larger chunk of the digital pie across Southeast Asia. About 0.2 percent of total shopping in Cambodia was done online last year, according to Euromonitor International data accessed via Bloomberg. By contrast, neighbouring Laos (0.5 percent), […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to adjust its monetary policy by the last quarter of next year as it prioritizes the country’s economic recovery from the pandemic, an international think tank said. In a report, UK-based Oxford Economics said central banks in Asia-Pacific are expected to hike key interest […]
Read MoreThe country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office. In May alone, the CPI inched up 0.16% over the previous month and 2.9% against the same period last year, also the lowest for the […]
Read MoreKUALA LUMPUR: The government has approved RM1.193bil to 73,815 employers to continue operations and retain 642,123 workers under the Wage Subsidy Programme 2.0 (PSU 2.0) as of May 21,2021. In the 55th Laksana report, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz also said a total of 7,497 applications had been approved under the Penjana […]
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Thailand
