KUALA LUMPUR: Malaysia’s economy is firmly on a recovery path supported by domestic activities and positive external demand. The economy is expected to grow steadily in 2022 and 2023 despite continuing challenges from rising cost pressures, the Russia-Ukraine military conflict and China’s strict containment measures of COVID-19, said Bank Negara Malaysia (BNM) governor Tan Sri […]
Read MoreThe Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation. The economy is expected to expand more than 4% next year thanks to a recovery in tourism, Finance Minister Arkhom Termpittayapaisith told […]
Read MoreINDONESIA has issued palm oil export permits for a combined 3.84 million tonnes through its so-called Domestic Market Obligation (DMO) scheme as well as its programme to accelerate exports as at Monday (Jul 25), Trade Ministry adviser Oke Nurwan said on Tuesday. Indonesia has set a total export quota of around 6.3 million tonnes under the […]
Read MoreSINGAPORE’S factory production growth slowed to 2.2 per cent in June, down from 10.4 per cent in May, as the sector was dragged down by softer electronics output and declines in pharmaceuticals and chemicals. Excluding the volatile biomedical manufacturing cluster, industrial production rose by 4.2 per cent year on year in June, according to preliminary […]
Read MoreRetailers are facing difficulties as high inflation has affected consumer spending. Cao Thi Ngoc Dung’s PNJ and Truong Gia Binh’s FRT, for example, have seen their capitalization value drop by trillions of dong. Unlike May and early June, PNJ shares of PhuNhuan Jewelry fell considerably in price recently despite a good business performance. PNJ share […]
Read MoreTHAILAND’S Securities and Exchange Commission (SEC) said on Monday (Jul 25) it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week. The SEC said in a statement it was asking impacted users of Zipmex to submit information via an online forum […]
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Thailand
