by Teuvo Tuomi | Aug 25, 2024 | Economy, Inflation, Malaysia, News
Malaysia’s Consumer Price Index (CPI) grew 2% year-on-year in July, according to the National Department of Statistics. Thw CPI increase was slightly below the 2.1% projection by the Reuters poll. The rise in consumer costs was led by restaurant and accommodation...
by Teuvo Tuomi | Jun 2, 2024 | Economy, Energy, Food & Drinks, Inflation, News, Philippines
Inflation in the Philippines may have exceeded the government’s target in May, the Bangko Sentral ng Pilipinas (BSP) reports. The BSP estimates last month’s inflation rate to have settled between 3.7-4.5% compared to 3.8% in April. The price increases have been...
by Teuvo Tuomi | Jun 30, 2023 | ASEAN, Environment, Health, Philippines
The Philippines is among the Asian countries that are most vulnerable to El Niño in terms of impact on economic growth, prompting a monetary policy rate hike, according to Nomura Group. Climate experts have announced that El Niño will bring lower-than-usual rainfall...
by Teuvo Tuomi | Mar 9, 2023 | Singapore, Business, Economy, News
Singapore’s economy should grow faster next year than this year, while inflation will likely ease this year and drop further in 2024, a quarterly survey of private sector economists by the Monetary Authority of Singapore (MAS) reveals. The forecasts for the...
by Teuvo Tuomi | Mar 7, 2023 | Laos, Economy, News
The year-on-year inflation in Laos soared to 41.3% in February, up from 40.3% in January, according to the latest report from the Lao Statistics Bureau. The 23-year record high has had a severe impact on the country’s economy over the past year. The depreciation...
