The year-on-year inflation rate continued to rise in Laos last month amid economic distress triggered by the Covid-19 pandemic. According to the Lao Statistics Bureau, the Consumer Price Index (CPI) stood at 114.42 points last month, indicating an inflation rate of 2.48 per cent year-on-year. This was up from the 1.91 per cent recorded in […]
Read MoreJAKARTA: Indonesia plans to reduce its budget deficit next year to within a range of 4.51% to 4.85% of gross domestic product (GDP), from an estimated 5.7% this year, as part of its fiscal consolidation measures, a finance ministry official said yesterday. Febrio Kacaribu, who heads the ministry’s fiscal policy office, told a virtual seminar […]
Read MoreThe growing number of newly established enterprises shows the local economy is firmly on the recovery track, being an attractive destination for businesses. The number of newly established enterprises in the first four months of 2021 rose by a record rate of 17% year-on-year to nearly 44,200, according to the Business Registry Agency. Such figure […]
Read MoreMANILA, Philippines — Metro Manila, the main economic hub which became the epicenter of the COVID-19 outbreak in the country, suffered a 10.1 percent contraction in output last year as mobility restrictions took a toll on services crucial to growth. In the latest Regional Accounts of the Philippines report released by the Philippine Statistics Authority […]
Read MoreThe Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) have embarked on a digital payment linkage between the two countries via the PromptPay and PayNow systems. The Thai central bank and the central bank and financial regulatory authority of Singapore on Thursday unveiled the linkage of Thailand’s PromptPay and Singapore’s PayNow real-time retail […]
Read MoreBUSINESS optimism in Singapore’s manufacturing and services sector continues to rise, with more firms seeing better conditions in the six months ahead, according to quarterly surveys released on Friday. In the manufacturing sector, a net weighted balance of 38 per cent of firms expect favourable business conditions for the six-month period from April to September, […]
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