Headline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government’s launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy Office. He said some economic indicators in August showed signs […]
Read MoreSenior Economist at UOB Group Julia Goh and Economist Loke Siew Ting review the latest performance of the exports sector in the Malaysian economy. Key Takeaways “Gross exports expanded at a faster pace by 18.4% y/y in Aug (Jul: +5.0%), beating our estimate (+9.8%) and Bloomberg consensus (+14.6%). Gradual relaxation of containment measures for some […]
Read More[SINGAPORE] Singapore’s central bank is expected to leave monetary policy on hold at its October review, analysts say, as highly transmissible coronavirus variants spread locally and across the world, threatening the pace of economic recovery. All 11 economists in a Reuters poll this week expect the Monetary Authority of Singapore (MAS) to keep its exchange-rate […]
Read MoreIN the face of global tax reforms to tackle base erosion and profit shifting (BEPS), the most important policy response for Asean economies is to enhance their non-tax competitiveness in attracting foreign investment, analysts from Asean+3 Macroeconomic Research Office (AMRO) said in a note on Tuesday. Proposed changes on tax jurisdiction are likely to benefit […]
Read MoreGlobal Retail may lose two containers of goods if the partner follows customs procedures and colludes with local shipping lines and customs agency to take out goods without original documents. Global Retail JSC exported two containers of Buffalo Jungle energy drinks to Benin. When the goods arrived at Cotonou Port of Benin, the buyer did […]
Read MoreMANILA, Philippines — Higher prices of oil, electricity and other basic consumer items likely pushed inflation beyond 5% in September, the Bangko Sentral ng Pilipinas said Thursday. In a statement, the BSP said consumer price growth likely settled between 4.8-5.6% this month. So far, inflation has been hovering above the upper-end of the government’s 2-4% […]
Read More
Thailand
