by Teuvo Tuomi | Feb 23, 2023 | ASEAN, Business, Economy, News, Singapore, Southeast Asia
Singapore’s key consumer prices rose 5.5% in January, faster than the preceding month but slightly below forecast, official data shows. A Reuters poll of economists had forecast a 5.6% increase in January. The core inflation rate is higher than the 5.3% seen in...
by Teuvo Tuomi | Jan 20, 2023 | ASEAN, Economy, News, Vietnam
The State Bank of Vietnam (SBV) says it will keep monetary policy flexible to ensure inflation does not exceed 4.5% in 2023. According to SBV, its credit growth quota for this year will be 14-15%, adding that its aim is to ensure liquidity for all lenders. It also...
by Teuvo Tuomi | Jan 7, 2023 | ASEAN, Economy, Laos, News, Southeast Asia
Inflation in Laos skyrocketed to 39.27% in December. This is the highest of the year and up from November’s 38.46%, according to the Lao Statistics Bureau (LSB). Food and non-alcoholic beverage prices rose by about 45% last month, while healthcare equipment and...
by Teuvo Tuomi | Dec 30, 2022 | Linkss, ASEAN, Economy, News, Southeast Asia, Vietnam
Vietnam’s economy grew by 8% this year. According to the General Statistics Office of Vietnam (GSO), this is the biggest rise since 2011. Manufacturing, construction, and processing were major economic drivers at 8.1%, contributing over 38% to the total GDP. The...
by Teuvo Tuomi | Dec 9, 2022 | ASEAN, Business, Economy, News, Southeast Asia
Salaries in Southeast Asia are expected to increase slightly for 2023 compared to 2022, a study by Aon plc says. Inflation has been playing a significant role in how salaries look across the region. But they have also been driven by supply and demand in the talent...
