JAKARTA: Indonesian President Joko Widodo on Friday (Mar 11) warned the fallout from the war in Ukraine could disturb domestic price stability, and questioned how long the government could keep local fuel prices steady amid high global oil prices. The inflation rate in Southeast Asia’s largest economy has so far stayed benign, with February’s headline […]
Read MoreSINGAPORE’S prevailing income tax rules will apply to transactions of non-fungible tokens, or NFTs, said Finance Minister Lawrence Wong in Parliament on Friday (Mar 11). In a parliamentary reply to Yio Chu Kang SMC Member of Parliament Yip Hon Weng, Wong said that the income tax treatment “will be determined based on the nature and […]
Read MoreManufacturers will struggle to maintain their goods prices for another 3-6 months amid the Russia-Ukraine war, but they insist the government continue to cap diesel prices at below 30 baht a litre, says the Federation of Thai Industries (FTI). Global oil prices threaten to soar to more than US$130 a barrel, while some raw materials […]
Read MoreINDONESIA’S economic growth will likely take a greater hit from rising inflation amid ongoing uncertainty, said UOB Global Economics & Markets Research. In a report on Friday (Mar 11), economist Enrico Tanuwidjaja raised his forecasts for Indonesia’s inflation rate to 3.3 per cent from 2.4 per cent, as he expects the Ukraine conflict will drive […]
Read MoreKUALA LUMPUR: While the unemployment rate is improving and may reach 3.8% in 2022, underlying structural labour market issues remain which should be addressed, according to AmBank Research. The research unit noted that more people are moving into self-employment, and they make up 16.2% of the labour force. Using the number of own-account workers as […]
Read MoreBilateral trade between Cambodia and the European Union (EU) was valued at 4.5 billion euros ($4.98 billion) in 2021, up 4.6 percent from a year earlier, said a joint press release on Thursday. Main products Cambodia exported to EU are agricultural products, including milled rice, textiles, footwear, travel goods and bicycles, while key items the […]
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