MANILA, Philippines — A regional surveillance organization downplayed the impact of the Bangko Sentral ng Pilipinas’ rate hikes on economic recovery, arguing that there are signs that the economy could sustain its growth path. At a press conference on Tuesday, experts at ASEAN+3 Macroeconomic Research Office (AMRO) hiked their growth forecast for the domestic economy to 6.9% […]
Read MoreSINGAPORE retail sales grew by 17.8 per cent year on year in May, picking up from the 12.1 per cent rise in the month before, against a year-ago low base when borders were shut. On a monthly, seasonally adjusted basis, retail sales were up by 1.8 per cent to S$3.9 billion, with online transactions making […]
Read MoreKUALA LUMPUR: Malaysia continues to be the most preferred market for retail investors to invest in this year, according to the 2022 CGS-CIMB retail investors’ sentiment survey. The survey, which was conducted from June 13-22 and included some 1,068 Malaysian participants, revealed that 63% of the retail investors picked Malaysia as their most preferred market […]
Read MoreThailand’s headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of an interest rate hike as early as next month, and with the commerce ministry warning price pressures will extend into the third quarter. The headline consumer price index (CPI) rose 7.66% from a year ago, driven up by higher […]
Read MoreCNA – Singapore does not expect its economy to slip into a recession or stagflation next year, said Minister of State for Trade and Industry Alvin Tan in Parliament yesterday, although he warned that globally, “significant” headwinds remain. So far this year, local economic activity has remained “resilient” despite rising inflation, he added in a […]
Read MoreThe Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern countries. Jakarta (VNA) – The Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern […]
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