Indonesia’s central bank hiked its key interest rate Tuesday for the first time in nearly four years to combat rising inflation stoked by the Covid-19 pandemic and war in Ukraine. Bank Indonesia raised the policy rate to 3.75 from 3.5 percent, a move that went against the majority of analysts’ predictions. Its two other main […]
Read MorePHNOM PENH, Aug. 24 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which both took effect earlier this year, have significantly contributed to boosting Cambodia’s economic recovery, a senior official has said. Bun Chanthy, undersecretary of state at Cambodia’s Ministry of Commerce (MoC), made the remarks on Monday […]
Read MoreAmid global inflation, the super-rich are still pouring money into luxury real estate. In some Asian markets, for example, Singapore, house prices rose 4.1% in the first half of 2021 as Asian tycoons looked for a safe haven. The future of Asian cities In 2020, when The River Thu Thiem project (HCM City) opened for […]
Read MoreAN economist sees the Bangko Sentral ng Pilipinas (BSP) making one or two 0.25-basis-point key rate increases for the rest of 2022. Michael Ricafort, chief economist at Rizal Commercial Banking Corp. (RCBC), in a report dated Aug. 22, 2022, said the BSP would not hike the key rate by 0.50 or 0.75 in its next policy actions. […]
Read MoreCambodia has temporarily halted the imports and distribution of several brands of talc baby powder after asbestos has been detected in those products, the directorate-general of Consumer Protection, Competition and Fraud Repression (CCF) said on Tuesday. Those asbestos-contained products are marketed under brands like Johnson’s baby powder, Johnson’s blossoms baby powder, D-nee Kids Baby Powder, […]
Read MorePUTRAJAYA: Malaysia’s economic growth in 2022 is likely to hit the highest end of the government’s 5.3% to 6.3% forecast, according to Prime Minister Datuk Seri Ismail Sabri Yaakob. While many economists are projecting the economy to hit a soft path in the second half of the year, Ismail expressed optimism that the country’s recovery […]
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Thailand
