Marcos Jr. sees inflation to start easing after hitting 8.7% in January
The President said the measures that his administration has taken to bring down inflation “have not yet gone through the system.”
Economy
Food cost, utilities, rent drive inflation to 8.7%
The high inflation footprint is expected to prompt the central bank to raise interest rates to address further price pressures.
Tokyo stocks buoyed further by Yen’s tumble
The news strengthened the view that the central bank will maintain its unprecedented easing regime.
Cambodian exports to Asean markets rise 13%
A report indicated that Cambodian exports to the nine countries rose by 13 per cent from $2.914 billion in 2021 to $3.297 billion last year.
Raising retirement age is key solution for pension reform: French economist
"The best way to deal with the pension deficit is to increase how much time you spend in life working", former professor of the London School of Economics states.
Enough to go around for Ramadan, despite disrupted supply: M’sia retailers
Federation of Livestock Farmers’ Associations of Malaysia president Tan Chee Hee said he believed that the current supply of chicken from domestic farms is adequate to meet the…
Philippines agriculture dept eyes P125/kilo suggested retail price for onions
At the height of the supply shortfall, the price of onion skyrocketed to as high as P700 per kilo in some parts of the country.
Indonesia’s GDP growth reaches decade high
Household spending, long the backbone of the domestic economy, remains the main source of growth, contributing 2.61 percentage points to the overall GDP growth rate.
Urbanisation to be major growth driver for China
An increased focus on generating more domestic consumption comes as Chinese pockets have grown deeper over the past few decades.
Thailand ready to welcome Chinese tourists to their ‘dream destination’
A government spokesman said that to achieve its target of attracting at least 5 million Chinese visitors this year, they are planning to increase the frequency of flights.