KUALA LUMPUR: Malaysia’s consumer price index (CPI) rose by 4.4% in May from a year ago, mainly due to higher transport costs caused by the rebound in oil prices, according to the Statistics Department. Economists surveyed by Reuters had expected the index to increase 4.7% year-on-year, unchanged from April, when it grew at its fastest […]
Read MoreMANILA, Philippines — In a widely expected move, the Bangko Sentral ng Pilipinas (BSP) yesterday left interest rates unchanged at their all-time lows, but said it remains vigilant against risks to the outlook for inflation and growth. In a virtual press conference, BSP Governor Benjamin Diokno said the central bank’s policy-setting Monetary Board kept the […]
Read MoreCambodia’s recovery from the economic impact of the Coronavirus pandemic may hurt the country’s banking sector if its pace is uneven, say experts. In a report on the risks to emerging market (EM) banks worldwide, Moody’s Investors Service said there are a number of risks to EM banks if the bounce back is a bumpy […]
Read MoreRestaurant operators yesterday submitted a petition to the government calling for loan support worth 30 billion baht with a 100% debt guarantee coverage from state-owned Thai Credit Guarantee Corporation (TCG). Thai Restaurant Association president Taniwan Koonmongkon, who submitted a petition yesterday to the government via National Economic and Social Development Council secretary-general Danucha Pichayanan, said […]
Read MoreThe Phuket sandbox scheme is still fixing inconvenient regulations, particularly regarding digital competency, in the buildup to its planned reopening on July 1. However, important short-haul markets are likely to be absent in the early months of the scheme. Rules regarding verification and tracking systems still pose a challenge, including redundant apps as Thailand is […]
Read MoreKUALA LUMPUR: The Statistics Department anticipates a favourable economic performance, based on the positive April leading index (LI), but the strength of the recovery will hinge on the impact and extent of the Covid-19 pandemic. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI in April registered double-digit growth of 15.7%, nudging the […]
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Thailand
