TEMPO.CO, Jakarta – Head of the National Planning Agency (Bappenas) Suharso Monoarfa acknowledged that high economic growth did not significantly lower the poverty rate. According to him, this was because of disruptions in the economy. The reduction in the poverty rate, he argued, was not substantial considering job creation was also not linear with economic growth. This occurred due to […]
Read MoreThe country reported an increase in the importation of electric vehicles last year, following multiple hikes in fuel prices. Mr. Thongphat Inthavong, Deputy Minister of Energy and Mines, said at a conference earlier this month that people in Laos have started using electric vehicles more after fuel shortages and increase in fuel prices that were reported in […]
Read MoreKUALA LUMPUR: Inflation differs in various economies but in the Asean region it is expected to moderate and improved faster than the developed economies, said an economist. ANZ Bank chief economist (Southeast Asia and India) Sanjay Mathur said inflation in the region was seen more as a result of a commodity price shock, and not […]
Read MoreSpending on Valentine’s Day this year is projected to top 2.39 billion baht, jumping 57.1% from last year and the first increase in five years, according to a University of the Thai Chamber of Commerce (UTCC) survey. UTCC president Thanavath Phonvichai said Valentine’s Day spending this year is forecast to be active, even as most people […]
Read MoreMANILA: The unemployment rate in the Philippines reached 4.3 per cent in December 2022, 0.1 percentage point higher than the performance in November but the second lowest since April 2005, reported Xinhua, quoting the Philippine Statistics Authority (PSA) on Wednesday. The number of unemployed Filipinos rose to 2.22 million in December, PSA data showed. Boosted […]
Read MoreIn the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia. The firm’s export volume in January reached 46,000 tonnes. Hoa Phat produced 392,000 tonnes of crude steel in January, equaling 56% of the […]
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