KUALA LUMPUR (BERNAMA) – The Malaysian Employers Federation (MEF) said now is not the right time to increase the cost of doing business, and the proposed MYR1,500 new minimum wage implementation would derail economic recovery. President Dato’ Dr Syed Hussain bin Syed Husman said the majority of Malaysian businesses are not ready and not in […]
Read MoreThe baht opened at 33 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 32.95 and 33.10 during the day and between 32.80 and 33.20 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to move according to […]
Read MoreBy Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs. Southeast Asia’s largest economy grew 5.02% on a yearly basis in the October-December quarter, compared […]
Read MoreMalaysia’s economy bounced back from a 4.5 percent third quarter contraction to rise 3 percent, year on year, in the last three months of 2021, according to Moody’s Analytics. Coronavirus restrictions hit household spending in the previous quarter as cases spiked. “The weakness in domestic demand more than offset the gains from a relatively strong […]
Read MoreVietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings. In its recent report, Fitch said that improving levels of vaccination in the country should reduce the risk that the recovery is set back by further COVID-19 outbreaks. However, the evolution of the […]
Read MoreGDP accelerated in Q4 to pre-pandemic level, but COVID fear remains for 2022 JAKARTA — Indonesia’s economy returned to growth in 2021, rebounding from its first contraction in two decades the year before as coronavirus-induced restrictions eased and business got back into gear. The gross domestic product of Southeast Asia’s largest economy climbed 3.69% from […]
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