SINGAPORE’S core inflation rose to a new high of 4.8 per cent in July, the second straight month in which it exceeded the 4 per cent rate last breached during the global financial crisis, according to consumer price index figures from the Department of Statistics on Tuesday (Aug 23). This was a hair above economists’ […]
Read MorePUTRAJAYA, Aug 23 — Malaysia has been able to keep its inflation rate at 2.5 per cent for the first half of this year due to the government’s price control measures and targeted subsidies, Deputy Finance Minister Datuk Mohd Shahar Abdullah said today. He added that the national inflation rate is also lower compared to […]
Read MoreHead of the Department of Labor and Social Welfare, Mr. Odon Maniboun, said that after the official registration of workers in the zone at the beginning of this month, 1,267 Laos workers have registered. Health check ups on workers and labor conditions were also conducted. The department began with the registration of Lao workers, followed […]
Read MoreMANILA, Philippines — Persistent inflation and the consequently more aggressive policy tightening by the Bangko Sentral ng Pilipinas (BSP) may temper credit growth of Philippine banks, according to CreditSights Inc. In a report, CreditSights said that recent macroeconomic headwinds have not translated into a significant impact on loan growth or asset quality. “While near-term growth […]
Read More(Bloomberg) — Indonesia is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation. Bank Indonesia will keep its seven-day reverse repurchase rate at 3.5% on Tuesday, according to 24 of 31 […]
Read MoreThe increase in global interest rates has adversely affected many ADB developing member countries (DMCs) with heavy food import needs, such as Cambodia, Fiji, Georgia, Lao People’s Democratic Republic, Nepal, Philippines and Thailand, according to the Asian Development Bank report. It pointed out that the increase in global interest rates has led to capital flight […]
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Thailand
