MANILA, Philippines — The country’s economic growth may slow further in the coming quarters amid accelerating inflation, according to economists. Taimur Baig, chief economist at DBS, said the country’s gross domestic product (GDP) expansion is likely to revert to the six percent range in the coming quarters, but is on track to reach seven percent […]
Read MoreMALAYSIA’S central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish US Federal Reserve, a Reuters poll found. Although Malaysian inflation rose to 4.4 per cent in July, well above the […]
Read MoreTop officials of the Cambodia Chinese Commerce Association (CCCA) have urged foreign investors not to lose faith in Cambodia’s development as the country makes a rapid recovery from the Covid-19 slowdown following the bold initiatives by the government. In an exclusive interview with Khmer Times, on the sidelines of the high-level Malaysian trade delegation’s visit to […]
Read MoreAnticipating an electricity shortage, the Ministry of Industry and Trade (MOIT) has asked permission from the Prime Minister to import electricity from Laos and develop transmission lines to bring electricity from Laos to Vietnam. Citing reports of Electricity of Vietnam (EVN), MOIT said EVN has calculated the power capacity in the north in 2022-2025 to […]
Read MoreMANILA, Philippines (Updated 11:34 a.m.) — Inflation in the Philippines slightly eased in August on lower transport costs as global oil prices started to fall, but the pressure on the Marcos Jr. administration and the central bank to tame rapid price increases remains. Inflation, as measured in the consumer price index, accelerated to 6.3% year-on-year, the Philippine Statistics Authority reported […]
Read MoreThe General Department of Taxation (GDT) has sought cooperation from the National Bank of Cambodia (NBC) to take legal actions against the two firms that have been operating as credit operators without registration with the tax administration after the central bank issued a letter of warning late last week, a release by GDT said. GDT […]
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