The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020. According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures to reduce the cost of living via electricity and water bills, effective from February to March. In addition, prices of raw food, especially rice, glutinous rice and fresh vegetables, dropped significantly following the increase in supply and relatively low prices compared with the previous year. Other items, except fuel prices, mostly moved in line with supply and demand. Fuel prices increased for the first time in 13 months, owing to higher global oil prices, he said. Core inflation, which strips out volatile energy and food categories, rose by 0.04% year-on-year in February. For the first two months, the CPI fell -0.75% and core inflation was 0.12%. Mr ... » Learn More about Consumer prices still declining
Avg price of diesel
Price spike temporary, consumers assured
MANILA, Philippines — Malacañang on Saturday gave assurance to the public that it was making “immediate interventions” to address the quickening of the inflation rate, which indicates the pace of the rise in prices over a certain period. “We are intensifying efforts to ease inflation through immediate interventions, such as augmenting the supply of meat,” presidential spokesperson Harry Roque Jr. said in a statement, adding that the 4.7-percent inflation rate for February was only a temporary tick. Bangko Sentral ng Pilipinas Gov. Benjamin Diokno in an online briefing on March 4 said inflation was expected to stay above the target band in the first half of the year but “we are confident that it will taper off in the second half of the year.” The elevated inflation rate remains driven by supply-side factors “and so we thought [that] it does not require monetary response at the moment,” said Diokno, who heads the Monetary Board. Ramon Clarete, dean of the University of the ... » Learn More about Price spike temporary, consumers assured
Hyundai’s H-1 comes to town
Manufactured by Shwe Daehan Motors in Myanmar, this year’s Hyundai H-1 (Starex) is one of the best semi-knocked down vehicles on the market – ideal for both long and short trips to the country. Now available from International KLM, the sole official distributor of Hyundai vehicles, the H-1 is one of the most popular vehicles in Southeast Asia, already selling over 10,000 cars in the region. Compared with other utility models the H-1 is reasonable priced, given its reputation for quality and reliability. YGN plates are available for this model, though H-1 models are available to view and test drive in showrooms across the country – in Mandalay, Mawlamying, Naypyitaw, Monywa and Magway, as well as Yangon. Moreover, Hyundai spare parts can be bought at the service dealer showrooms. Interior & Exterior The H-1 is designed with a dual auto sliding door and folding mirrors on the outside, and leather seats, full auto air-condition system and an 8-inch ... » Learn More about Hyundai’s H-1 comes to town
Honda launches advanced self-driving cars in Japan
A Honda logo is pictured as cars are displayed outside a Honda showroom of company’s headquarters in Tokyo on November 6, 2020. (Photo by Philip FONG / AFP) TOKYO, Japan – Honda launched the world’s most advanced self-driving car licensed for the road on Friday, releasing an initial batch of 100 models in Japan. The Legend is capable of adaptive driving in lanes, as well as passing and switching lanes under certain circumstances. The car also features an emergency stop function in case a driver is unresponsive to handover warnings, and Honda touts extensive safety testing. “Approximately 10 million patterns of possible real-world situations were simulated during system development, and real-world demonstration tests were conducted on expressways for a total of approximately 1.3 million kilometres (800,000 miles),” it said in a statement. Experts said the limited rollout would help determine whether there is sufficient demand for more autonomous vehicles. Vehicle autonomy ... » Learn More about Honda launches advanced self-driving cars in Japan
Every Filipino home can now be a smart home with realme TechLife
The year 2020 was a remarkable year for realme Philippines, despite the setbacks and challenges experienced by many companies last year because of the pandemic. It was the year that realme, a relatively newcomer in the already competitive smartphone market, became the fastest growing smartphone brand and eventually the No. 1 smartphone brand in the Philippines. According to Canalys, IDC, and Counterpoint Research, realme Philippines claimed the No. 1 spot in the country’s smartphone market, recording triple-digit growth in Q3 2020. IDC reported realme Philippines achieved a staggering 962.5 percent annual growth and captured 25.4 percent local market share in the third quarter of 2020. The brand’s fast rise in the local smartphone arena was no mean feat. realme Philippines was able to accomplish this in a short span of time by providing the market with reasonably priced smartphones that do what they promise, successful and unique digital campaigns, opening of realme stores across ... » Learn More about Every Filipino home can now be a smart home with realme TechLife
Waiver war at WTO over Covid jab IP rights
GENEVA: The World Trade Organization faces calls led by India and South Africa to waive intellectual property (IP) rights for Covid-19 vaccines — a notion fiercely rejected by pharmaceutical giants and their host countries. The WTO will thrash out the divisive issue at its general council meeting on Monday and Tuesday as its new head Ngozi Okonjo-Iweala takes up her post. Some countries see the waiver as a shortcut to ending the novel coronavirus that has hobbled the global economy. The big idea The text proposes a temporary exemption from certain obligations under the Agreement on Trade-Related Aspects of Intellectual Property Rights (Trips), so that any country can produce vaccines without worrying about patents. The waiver would also cover “industrial designs, copyright and protection of undisclosed information,” and would last “until widespread vaccination is in place globally, and the majority of the world’s population has developed immunity.” All those in favor ... » Learn More about Waiver war at WTO over Covid jab IP rights
Protests hinder trade at ‘operating’ Mandalay market
U Sat Maung Swe said the centre may be physically open for business but there is no one working due to the ongoing protests in the country. “There is no trading today because members of the association are protesting. Although the wholesale centre is operating, there is no trading inside. There was regular trading in the past few days. There is no one inside today so no trade is being conducted,” he said. The secretary pointed out that the prices of commodities have also been unstable due to the country's political unrest. “There are changes in the prices of the commodities. Prices are unstable because the banks are closed,” he said. Many banks across Myanmar recently suspended their services due to a majority of their staff participating in the civil disobedience movement as a sign of protest against the Tatmadaw's forced transfer of power. U Sat Maung Swe said this has led to difficulties for those requiring daily sales for their livelihood. “There are ... » Learn More about Protests hinder trade at ‘operating’ Mandalay market
Prepare for Job Searching during Uncertain Economic Times
Companies are moving to remote work to prevent the spreading of the coronavirus pandemic, as well as the number of workers who are being laid off has started to creep up due to the economic upheaval caused by this outbreak. At the same time, someone might be wondering if they should continue to send out resumes or just assume that no one is hiring for the foreseeable future. Although economists are predicting an economic downturn, career experts say it’s best to keep networking and applying for new jobs. It is said that there is always a calm after the storm, so the reversible situation happening now won’t last forever. However, if we carefully handle the current uncertainty, the current situation could mean opportunity as well. So, here are three tips to turn the table for your job search in your favour. 1. Keep Searching, and Keep Searching some more Not every industry slows down in this economic downturn. Yes, certain sectors such as aviation or the hotel and ... » Learn More about Prepare for Job Searching during Uncertain Economic Times
Vivo Introduces the Key Features in the Brand New vivo Y51
Could you introduce us to vivo’s Y series? What are some of the key features in the brand new vivo Y51? vivo’s Y series is a very well-known as a ‘youth-oriented’ series which produced based on the needs of the younger generation at desirable price ranges. This series is distinguished for its innovative and trendsetting technologies along with vibrant colors and design to support the day - today tasks of tech-savvy young audience. The recent addition of Y51, vivo focuses to upscale the Y series with additional features to capture clear shots and deliver excellent and long-lasting experience. In Y51, there are many features such as 8GB RAM+128GB ROM and a massive 5000mAh battery with 18W Fast Charge technology for seamless functioning of apps and uninterrupted smartphone experience anywhere, at any time. Y51 features 48MP Rear camera in an AI Triple camera set up supported by multiple shooting modes such as Super Wide-Angle Camera, Super Macro Camera and Super Night Camera ... » Learn More about Vivo Introduces the Key Features in the Brand New vivo Y51
Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and farmland. The director of Yala’s Irrigation Project Office says they remain worried about the low-lying areas, adding that the total amount of rainfall to date has broken records set more than a decade ago. Landslides have also been reported but with no report of fatality or injuries. In Songkhla, 2 districts were flooded by rainwater coming down from the mountains, while some residences and farmlands on riverbank areas of Narathiwat were flooded. Local government agencies said food and other aid were already sent to the affected areas. Only essential travel is now allowed to and from the 5 coastal “red zone” provinces. ... » Learn More about Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8