MANILA, Philippines — The peso pierced the 55 to $1 level yesterday, closing at its weakest level in almost 17 years as investors believe the US Federal Reserve could maneuver the US economy to a soft landing and avoid recession. The local currency shed 29 centavos to close at 55.06 from Tuesday’s 54.77 to $1. […]
Read MoreVietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 […]
Read MoreCambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Read MorePETALING JAYA: Companies in the Asia Pacific remain optimistic about their prospects despite higher cost pressure from rising material prices. This optimism on economic growth was unequal across the region according to the Coface 2022 Asia Corporate Payment Survey. Malaysia showed a significant decline compared to last year in the expectation for economic growth. Only […]
Read MoreForeign tourist arrivals into Thailand are set to beat official forecasts with the lifting of pandemic-era restrictions, a rare positive for the nation’s Covid-battered economy and currency. International arrivals will total 9.3 million this year, government spokesman Thanakorn Wangboonkongchana said Wednesday, citing a tourism ministry forecast. That’s 55% more than the Bank of Thailand’s estimate […]
Read MoreKUALA LUMPUR: Economic recovery remains in sight with a better trend as signalled by Malaysia’s macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said more than two years after an unprecedented global health crisis that profoundly altered the world’s socioeconomic […]
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