MANILA, Philippines (UPDATE 12:35 p.m., Feb. 5) — Prices of basic goods and services rose by their fastest level in 2 years in January, overshooting government expectations as the surge in food costs remained unabated. Inflation, as measured by the consumer price index, accelerated to 4.2% year-on-year, the Philippine Statistics Authority reported on Friday. The rate was […]
Read MoreThe Finance Ministry has brushed off critics suggesting a near-bankruptcy status of the government’s fiscal position by citing Thailand’s economic fundamentals. The three indicators exemplifying the health of the country’s fiscal position are GDP ratio, foreign reserves and the public debt-to-GDP ratio, said Finance Minister Arkhom Termpittayapaisith. A country’s GDP growth has to continuously expand […]
Read MoreVietnam is expected to further improve the domestic business and investment climate with the Party setting out the country’s new Socioeconomic Development Strategy for the next 10 years, in which full protection of business and investment activities will be ensured. The 13th National Party Congress has adopted the Party Central Committee’s draft wrap-up report of […]
Read MorePETALING JAYA: Employers will have trouble finding the right talent, according to Randstad Malaysia’s 2020 Workmonitor second edition survey. The survey which was conducted in October across 34 markets around the world, with a minimum of 400 respondents in each market showed that seven in 10 respondents believed the difficulty in finding talent was due […]
Read MoreThe success of China’s Belt and Road Initiatives (BRIs) in Cambodia will depend on what the project is and how productive it will be, according to experts who have analysed China’s white paper on foreign aid and development. That document, released last month, was light on fundamental details for many projects, including the source of […]
Read MoreMANILA, Philippines — The country’s largest business organization is pushing for a calibrated importation program and stronger support for local production to help secure supply and bring down prices of pork. In a statement yesterday, Philippine Chamber of Commerce and Industry (PCCI) president Benedicto Yujuico said there are measures the government should implement immediately to […]
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