MANILA, Philippines — Philippine manufacturers of electric vehicles want the government to slash tariffs on raw materials needed to make e-vehicles to support the industry in boosting its local production. Electric Vehicle Association of the Philippines (EVAP) president Edmund Araga yesterday asked the government to consider cutting, if not totally eliminating, the import duties imposed […]
Read MoreEconomists recommend that households forego any unnecessary spending in order to better weather the effects of inflation as some Cambodians complain that they are living hand to mouth and are not earning enough to be able to save for emergencies like health issues or important milestone events like weddings. “In the context of inflation being […]
Read MoreThe global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers’ Meeting on Thursday. Mr Arkom announced the forecast as part of the result of the meeting, which was attended by finance […]
Read MoreMOST Singapore households are able to continue servicing mortgages for their homes in the face of rising interest rates, ministers told Parliament on Thursday (Oct 10). Alvin Tan, Minister of State for Trade and Industry, said household debt as a whole remained healthy, and stress tests conducted by the Monetary Authority of Singapore (MAS) suggest […]
Read MorePETALING JAYA: Malaysia’s consumer price index (CPI), which is the official measure of inflation, is expected to remain at the current elevated levels. When contacted by StarBiz, economists opined that given the presence of persistent price pressures, the latest CPI figures for September slated to be announced today could also see an increase, similar to […]
Read MoreThe National Bank of Cambodia (NBC) warns that illegal loans adversely affect people’s livelihoods and are a factor that can lead to social insecurity and therefore must be prevented. The warning came after the central bank noticed a recent increase in unauthorised lending to people who are under financial pressure from inflation. To tackle this […]
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Thailand
