MANILA, Philippines (Updated, 10:57 a.m.) — Inflation quickened at a pace not seen in over three years in June, a development that would likely prompt the Bangko Sentral ng Pilipinas to be more aggressive in taming prices as Filipinos tighten their belts. At a news briefing on Tuesday, the Philippine Statistics Authority reported that inflation, as measured […]
Read MoreThe baht opened at 35.70 to the US dollar on Tuesday, weakening from Monday’s close of 35.66. The currency is expected to move in the range of 35.60 to 35.80 during the day, Krungthai Bank market strategist Poon Panichpibool said. He reckons the baht will likely fluctuate and test its resistance level from 35.75 to […]
Read MoreKUALA LUMPUR : Malaysia’s palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia’s return to the export market, a Reuters survey showed on Tuesday. Stockpiles in the world’s second-largest producer are forecast to rise 12.3 per cent from the prior month to 1.71 […]
Read MoreCambodia’s market value of e-commerce had increased to $970 million in last year, up 19 percent from 813 million dollars in 2020, according to the Ministry of Commerce’s iTrade Bulletin released recently. The e-commerce revenue was mainly from fashion, accounting for $263.3 million, followed by electronics ($254.4 million); beauty, health, personal and household care ($230.5 […]
Read MorePetroVietnam Coating JSC, a member of PetroVietnam Gas JSC, has won a contract to coat a 14-inch, 9.5km-long marine pipeline using anti-corrosion method and reinforced concrete as part of a mining project run by Thailand’s PTTEP Group in Myanmar. According to the firm, the project will be implemented in the third quarter of 2022. PVCoating […]
Read MoreTHE Asean+3 Macroeconomic Research Office (Amro) has shaved down its short-term growth forecast and raised its 2022 inflation forecast for the Asean+3 region, reflecting stronger headwinds from the war in Ukraine and tighter global financial conditions. In its July quarterly update, Amro forecast that the Asean+3 region will grow by 4.3 per cent, down from […]
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