PETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand. Both Apple and Samsung are expecting a rebound in sales in the second half of the year on the […]
Read MoreMANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth projection for the Philippines this year on the back of buoyant domestic demand and strong credit growth amid high interest rates. Growth of the domestic economy is seen accelerating to 6.6 percent in 2020. “The economy expanded by 6.2 percent in 2018, the lowest […]
Read MoreAsian Development Bank (ADB) has committed US$2.6 billion this year to support Indonesia, primarily in developing infrastructure projects, said Ramesh Subramaniam, the ADB director general of the Southeast Asian department in Fiji on Wednesday. ADB plans to help finance two large power plant projects using policy-based loans. One will be a power plant project that […]
Read MoreConsumer prices rose for the fourth straight month in April, driven by fresh food and vegetables, rice and flour, and meat and poultry, as well as higher oil prices. The consumer price index (CPI), which gauges headline inflation, rose by 1.23% last month from April last year but eased from a 1.24% surge in March. […]
Read MoreTHE Vietnamese economy is proving resilient, even as regional neighbours swoon. “The growth slowdown is being cushioned by trade and investment diversion,” Maybank Kim Eng economists Linda Liu and Chua Hak Bin have said in a new report. Foreign direct investment (FDI) was up year on year in April amid the US-China trade war, and […]
Read MoreKUALA LUMPUR: The Pakatan Harapan government is holding to its 14th General Election’s (GE14) pledges since its historic win nearly a year ago by allocating significant resources to support the growth of small and medium enterprises (SMEs) and encouraging their technological adoption. While the SME gross domestic product (GDP) growth is estimated to be sustained […]
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Thailand
