The Investor Confidence Index (ICI), which anticipates market conditions for the next three months, was at 83.91 in May, down 12.1% from the previous month on concerns over the Federal Reserve’s interest rate hikes and a spike in infections as the country reopens. Despite the drop, the ICI remains in the neutral zone as investors […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to launch a news sentiment index (NSI) next year to capture relevant views on key macroeconomic events that may affect the current and emerging economic and financial environment. Outgoing BSP Governor and incoming Finance Secretary Benjamin Diokno said the regulator intends to use a […]
Read MoreCambodia’s economic recovery could be hit by shortages in essential commodities and raw materials that could disrupt production, according to the Global Economic Prospects released by World Bank (WB) on Tuesday. Cambodia is among East Asia and the Pacific region’s commodity-importing countries with high dependence on food and fuel imports, the report stated, adding that […]
Read MoreThe initiative helps local businesses improve their competitiveness and participate in the chain of activities in the digital economy. The Vietnam E-commerce and Digital Economy Agency and Amazon Global Selling Vietnam will train human resources on cross-border e-commerce for 10,000 Vietnamese enterprises by 2026. This is one of the activities agreed upon by the two sides in […]
Read MoreThe Tourism Authority of Thailand (TAT) has drawn up a budget of more than 100 million baht to revive the battered travel sector, and will propose it to the Centre for Economic Situation Administration for approval. TAT governor Yuthasak Supasorn said the target for this year is 7-10 million international tourists. That target will double to […]
Read MoreKUALA LUMPUR: The average price of steel bars increased 20% in May to RM3,910 per tonne from RM3,258 per tonne in the corresponding period last year, following the increase in the prices of building materials, according to the Statistics Department. Chief statistician Datuk Seri Mohd Uzir Mahidin said the cost materials of building index (BCI) […]
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