TEMPO.CO, Jakarta – The World Bank saw the possibility that Indonesia’s economic growth rate could slow down to 4.6 percent this year, affected by unstable global conditions. For 2023, the World Bank predicts Indonesia’s growth could be stuck at a level of 4.7 percent. “The global economic environment could create a downward pressure in that projection,” the World […]
Read MoreMANILA, Philippines — Moody’s Analytics hiked the gross domestic product (GDP) growth estimate for the Philippines to above seven percent from 6.1 percent for this year after a stronger-than-expected expansion in the first quarter. The research arm of the Moody’s Group said that economies in the region continue to show resilience in the face of […]
Read MoreThe price for Cambodia’s rice export continues to rise due to prolonged global food insecurity driven mainly by on-going Russia-Ukraine conflict. Hun Lak, Chairman of the Board of Directors of Cambodia Rice Federation, when revealing this said that that the price hike will drag on as some wheat producing countries stop exporting to secure domestic […]
Read MoreThe Bank of Thailand (BoT) should urgently hike interest rate to prevent a further spike in inflation and ease the burden on low-income groups already reeling from the rising cost of living, according to Korn Chatikavanij, a former finance minister. The BoT should convene an emergency meeting of its Monetary Policy Committee to lift its […]
Read MoreKUALA LUMPUR, June 23 — Malaysia’s labour market is expected to strengthen further in the second half of 2022 (2H2022), underpinned by the return of workers from Indonesia today. Indonesia’s ambassador to Malaysia, Hermono, has reportedly said that Malaysia will receive the first group of Indonesian migrant workers today since the reopening its borders, and […]
Read MoreBANGKOK — Myanmar has stepped up import controls by banning imports of cars and other nonessential goods as the country struggles with a severe foreign-currency shortage caused by declines in investment and assistance from overseas. Myanmar athletes who competed in the Southeast Asian Games in Vietnam last month were surprised by an unusual announcement last […]
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Thailand
