[BENGALURU] Thailand’s central bank will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel restrictions, a Reuters poll found. Economic growth in the South-east Asian nation is yet to return to pre-pandemic levels and the recovery continues to be fragile due […]
Read MoreJAKARTA, Indonesia — Indonesia’s economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed. Southeast Asia’s biggest economy expanded 3.69 percent on-year, the country’s statistics agency said, having contracted […]
Read MoreThe government plans to hold travel bubble talks with China and Malaysia this month, days after resuming a quarantine-free visa programme to boost tourist arrivals seen as key to sustaining a nascent economic recovery. Prime Minister Prayut Chan-o-cha’s government will soon discuss with the Chinese Minister for Culture and Tourism details of a possible bilateral […]
Read MoreMANILA, Philippines — The Philippines is aiming to sign next month the free trade agreement (FTA) with South Korea, which is expected to contribute to economic recovery efforts from the pandemic. Trade Secretary Ramon Lopez said in a Viber message yesterday the FTA with South Korea is undergoing legal scrubbing and is being finalized. “Target […]
Read MorePurchasing power is at a very low level, but the potential pressure on prices combined with external factors may make it increasingly difficult for Vietnamese businesses and people in 2022. Eurostat has released preliminary data showing that inflation in the Eurozone rose to a record high of 5% in December 2021. This is the highest […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian Employers Federation (MEF) said now is not the right time to increase the cost of doing business, and the proposed MYR1,500 new minimum wage implementation would derail economic recovery. President Dato’ Dr Syed Hussain bin Syed Husman said the majority of Malaysian businesses are not ready and not in […]
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