KUALA LUMPUR: Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices. The World Bank said the forecast is premised on the assumption that the […]
Read MoreMANILA, Philippines — The Department of Finance welcomed the US Federal Reserve’s “softer” interest rate hike while forecasting that inflation in the Philippines has reached its long-awaited peak. This was what Finance Secretary Benjamin Diokno told the private sector in a Friday briefing organized by the Makati Business Club. “I think it has peaked. We look […]
Read MoreThe Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai. Speaking at the regular Government press conference for January on February 2, the deputy minister said export revenues reached 371.3 billion USD […]
Read MoreCambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI). Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation led by Secretary of State Kim Chan Sokty of the […]
Read MoreA national committee on electronic vehicle policy, also known as the EV board, on Thursday agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24-billion-baht subsidy to the EV battery-producing industry. “The subsidy will be on a first-come, first-served basis,” said […]
Read MoreSINGAPORE’S retail sales rose 7.4 per cent year on year in December, extending the previous month’s 6.5 per cent growth, the latest data from the Department of Statistics (SingStat) showed on Friday (Feb 3). On a month-on-month seasonally-adjusted basis, retail sales were up 1.3 per cent, reversing from the 3.6 per cent decline recorded in […]
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Thailand
