Grab super-app launched its pilot food delivery service – GrabFood – in Phnom Penh’s central business district yesterday, which will help users connect with over 200 outlets. The beta version will connect consumers with both local and international brands such KFC, The Pizza Company, Habit Burger Grill, Lotteria, Bonchon, Gongcha, Heekcaa, Chatime, Chatramue, Gloria Jean’s […]
Read MoreBanks have indicated higher interest rates are planned for mortgages and auto loans in response to rising financial costs and a policy rate hike. However, all banks have maintained their benchmark loan rates. Nathapol Luepromchai, executive vice-president of Bank of Ayudhya, who heads the bank’s mortgage division, said banks have begun to stop offering two-year […]
Read MoreCambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of COVID-19-related restrictions. The country imports 100 percent of its oil products, and its terms of trade have worsened quickly as oil prices surged. Unlike last year, when the current account deficit widened significantly because of […]
Read MoreThe Commerce Ministry is trying to maintain consumer product prices for as long as possible but has admitted to production cost hikes. Commerce Minister Jurin Laksanawisit, who is also a deputy prime minister, said on Friday that the Department of Internal Trade is closely monitoring the prices of 18 products essential for daily living. “There […]
Read MoreTHAILAND’S exports in May rose a faster than expected 10.5 per cent from a year earlier, helped by increased global food demand and production, and a weak baht, with the trend set to continue this year, the commerce minister said on Friday (Jul 1). Exports, a key driver of Thai growth, beat a forecast rise […]
Read MoreINDONESIA will likely book a 2022 fiscal deficit of 732.2 trillion rupiah (S$68.2 billion), or 3.92 per cent of gross domestic product (GDP), smaller than a previous outlook of 4.5 per cent of GDP, due to strong revenue forecasts, its finance minister said on Friday (Jul 1). Sri Mulyani Indrawati told a hearing with parliament’s budget […]
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Thailand
