SINGAPORE: Oil’s relentless surge above $125 (RM522.95) a barrel threatens to stoke inflation across Asia, forcing central banks to decide whether to respond to higher prices with tighter policy, or hold off amid the blow to economic growth. As a net importer of energy, Asia is vulnerable to the oil price spike triggered by Russia’s […]
Read MoreA container train service linking Danang City of Vietnam and Europe has been suspended due to concerns over the Russia-Ukraine military conflict, according to the Vietnam Railway Corporation (VNR). As planned earlier, the train service was supposed to be launched early this month. The train consists of 23 40-foot containers, transporting IKEA-branded furniture to Europe, […]
Read MoreThe Airlines Association of Thailand (AAT) is urging the government to let them add a fuel surcharge onto tickets for domestic flights, as the Russia-Ukraine conflict continues to push up oil prices. As oil prices surged by 40-50% from last year, airlines want to add the fuel surcharge onto domestic tickets to reduce the impact […]
Read MoreMANILA, Philippines — Loans extended by Philippine banks to micro, small, and medium enterprises (MSMEs) slipped by 3.6 percent to P463.13 billion in 2021 from P480.5 billion in 2020, as the sector has yet to fully recover from the impact of the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The industry’s total loan […]
Read MoreCambodia remains on the grey list of nations under increased monitoring by the Financial Action Task Force (FATF), a Paris-based global watchdog, for deficiencies in their efforts to counter money laundering, terrorist financing, and proliferation financing. FATF expressed significant concern that Cambodia failed to complete its action plan, which fully expired in January 2021. It […]
Read MoreE-riding firms have raised taxi fares, and traditional taxi firms are expected to follow the move. Hailing a car to the office on Monday, Thu Trang, an office worker in Hoang Liet, Hanoi, noticed a high fare, which was thought to be attributed to the rain, which had raised demand. However, the real reason was […]
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