The Bank of Thailand (BoT) skyrocketed its inflation rate forecast for this year to 4.9% from 1.7% because of energy and food price surges attributed to supply shock from the Russia-Ukraine war. Headline inflation is projected to be 4.9% in 2022, higher than the central bank’s inflation targeting range of 1-3%. The bank assesses the […]
Read MoreThe Ministry of Commerce will officially launch an online marketplace today, featuring around a thousand goods produced locally and available for online shopping lovers. According to the ministry’s statement on Wednesday, the launching ceremony will be held in the presence of Minister Pan Sorasak and participation from relevant ministries, institutions, the private sector, associations, and […]
Read MoreMANILA, Philippines — The near-term outlook for the Philippine economy is improving, but the much anticipated recovery remains vulnerable amid developments on the global front, an international think tank said. In its latest chart book, Capital Economics noted an upside in the near-term outlook for the economy as COVID-19 cases in the country continue to […]
Read MoreKUALA LUMPUR, March 31 ― An expected rise in inflation in the second half (H2) of this year may trigger Bank Negara Malaysia (BNM) to raise interest rates, according to research houses. In a research note today, Public Investment Bank Bhd (PIVB) said it is projecting headline inflation at above 3.0 per cent and core […]
Read MoreThe Lao Federation of Trade Unions (LFTU) has urged businesses to pay a higher minimum wage. Vientiane Times reports that garment factories, in particular, were singled out by the LFTU, which said they must ensure wages are increased from the previous minimum of LAK 1,100,000 to the new minimum wage of LAK 1,500,000 this year. If businesses […]
Read MoreMeta’s survey shows that small and medium enterprises (SMEs) in Vietnam are affected by the new Covid-19 strain, but optimistic signals are revealed. As many as 20% of businesses globally closed, 3% higher than July 2021. The data is from Meta’s survey of the situation of SMEs across 30 countries and territories in January 2022. […]
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