Many shoppers are trading down to less expensive clothing and accessories — swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties — as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people […]
Read MoreVIETNAM’S central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions. Hong confirmed that the central bank had held emergency meetings during the week with commercial banks to discuss liquidity in the system, which […]
Read MoreLaos has beaten its own record again with inflation reaching 36.75 percent in October according to the latest report from the Lao Statistics Bureau (LSB). October set a new record marking the highest inflation rate this year, up from 34.05 percent in September, continuing an upward trend that has caused difficulties for residents amid a […]
Read MoreINDONESIA’S annual economic growth accelerated in the third quarter to 5.72 per cent, the fastest in more than a year but below market expectation, official data showed on Monday. The second-quarter growth rate was 5.44 per cent on a yearly basis. Economists in a Reuters poll had expected gross domestic product in the July-September quarter […]
Read MoreKUALA LUMPUR: Malaysia’s Services Producer Price Index (SPPI) went up three per cent in the third quarter of 2022 (Q3 2022) to 113.8 compared to 110.5 in the same quarter last year, the Department of Statistics Malaysia (DOSM) said. The increase in the SPPI was driven by the growth in the arts, entertainment and recreation […]
Read MoreMANILA, Philippines — The economy likely grew at a slower pace in the third quarter as high inflation affected consumption, economists polled by The STAR said. Most, or six out of the seven, economists asked on their gross domestic product (GDP) growth forecast for the third quarter said the Philippine economy likely grew by a […]
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Thailand
