Poverty will rise in Vietnam as a result of soaring inflation this year so the government must stay the course on price-busting policies, John Hendra, head of the United Nations mission in the country…
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Singapore on track to overtake Vegas as 2nd largest gaming centre
Twelve months into business and Singapore’s first two casino resorts Marina Bay Sands and Resorts World Sentosa have already won the jackpot for the island country. The two generated gross gamin…
Thai food security under threat
A declining farm labour force and high dependence on imported essentials are key factors affecting food security in Thailand, an official said.
Although the number of people engaged in agricultural ac…
Malaysia Mar exports likely to moderate
Malaysia’s exports are likely to moderate in March, mostly due to the high base effect, but commodity prices will continue to support its growth, economists said.
Exports rose to MYR59 billion (…
Philippines raises rates as prices hit one year high
The Philippines central bank has raised the cost of borrowing after consumer prices rose to a one year high.
The benchmark overnight borrowing rate was increased by 0.25 percent, bringing it to 4.5 pe…
Indonesia grows 6.5pc in 1Q on strong consumer spending
Indonesia’s economy, the biggest in Southeast Asia, expanded a strong 6.5 percent in the first quarter from a year ago, in line with expectations and driven by investment and emerging middle cla…
Vietnam foreign tourist arrivals continue to rise
During the first four months of the year, the total number of foreign arrivals to Vietnam is more than 1.9 million, a year-on-year increase of 10.5 percent.
Despite the recent earthquake and tsunami, …
Vietnam trims growth forecast
Vietnam trimmed its economic growth forecast and sharply raised inflation expectations, as the government battles to restore economic stability.
The country is now targeting gross domestic product gro…
Indonesia inflation slows in Apr, central bank seen on hold
Indonesia’s annual inflation slowed further in April as food prices eased, giving the central bank room to leave rates on hold again this month, though economists still expect a hike this quarte…
2011 food exports of Thailand outlook good
Food exports in 2011 could grow by about 6.5 percent with the total value of THB855 billion (USD28.55b), chairman of agricultural and food businesses committee under Thailand’s Board of Tra…