(Bloomberg) — Singapore’s key core inflation measure climbed to the highest level in almost 14 years last month, heaping pressure on monetary policy makers to do more to fight price gains. The core inflation gauge, which excludes private transport and accommodation, rose 4.8% in July from a year ago, according to a joint statement from […]
Read MoreThe Federation of Thai Industries (FTI) is calling on the government to extend its electricity subsidy measures for the public to also cover manufacturers, which are struggling to deal with an increasing financial burden amid high energy prices. Expensive electricity bills are threatening to put more pressure on production costs, which may eventually mean some entrepreneurs […]
Read MoreMANILA, Philippines — The research units of the Fitch and Moody’s groups expect the Bangko Sentral ng Pilipinas (BSP) to further raise interest rates this year to rein in inflation. Fitch Solutions Country Risk & Industry Research said more rate hikes are in the cards for the Philippines as inflation is likely to remain elevated […]
Read MoreThe publicly listed Royal Group Phnom Penh Special Economic Zone (Royal Group PPSEZ) of the conglomerate Royal Group gained a loss after tax of about $126,700 in the second quarter of this year, approximately 86.23 percent lower compared to over $0.9 million in the same period of last year, according to the quarterly report of […]
Read MoreKUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has revised upwards Malaysia’s 2022 gross domestic product (GDP) forecast to six per cent year-on-year (y-o-y) from 5.3 per cent y-o-y previously due to stronger-than-anticipated inventory build-up and net exports in the second quarter 2022 (Q2 2022). However, the 2022 GDP forecast is still lower than Bloomberg’s […]
Read MoreLandlords in the hotel sector have raised concerns about the government’s policy to confiscate vacant land which has not been utilised for 10 years as there are no proper schemes or environment-related laws from state authorities to help develop the land for public benefit. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said even […]
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Thailand
