PETALING JAYA: Bank Negara’s Monetary Policy Committee (MPC) has raised its benchmark overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, with the central bank stating future policy action need not remain on the linear trajectory seen in 2022 and balanced by the need to contain inflationary pressure and sustain economic growth. This […]
Read MoreAccording to a World Bank forecast Myanmar GDP shrank by 20 per cent in 2021 after the 2021 military coup and the economy will remain sluggish and stagnate in 2022. The International Labour Organization (ILO) also reported that in 2021 1.6 million jobs were lost in the economy, adding to the economic problems. On 21 […]
Read MoreThe Ministry of Finance (MOF) says that petroleum companies will shift to importing fuels from Southeast Asia instead of South Korea. Regarding import and export tax revenue in 2023, MOF told the National Assembly that it would not increase by 4-6 percent this year as targeted because of gradual tariff decreases. The average preferential import […]
Read MoreSINGAPORE’S retail sales continued to increase on year in September, while marking growth on a seasonally adjusted monthly basis and reversing from the decline seen in August, according to the latest figures from the Department of Statistics (Singstat) on Friday (Nov 4). Total retail sales went up by 11.2 per cent year on year in […]
Read MoreMANILA, Philippines (Update 1, 11:23 a.m.) — The prices of key goods and services hit their quickest pace of growth in over a decade in October, forcing Filipinos to continue tightening their spending and giving the Bangko Sentral ng Pilipinas more reason to stay hawkish. Inflation, as measured by the consumer price index, accelerated to […]
Read MoreHun Sen, Prime Minister of the Kingdom of Cambodia, has urged all ACMECS and CLMV nations to strengthen their cooperation for tourism development in the present and future, particularly in the post-COVID-19 crisis. In his recorded welcome message for the opening ceremony of the 5th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Tourism Ministers Meeting and […]
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Thailand
