INFLATION in Singapore is expected to peak in the next 2 to 4 months and will start to ease thereafter, said Deputy Prime Minister and Finance Minister Lawrence Wong. He added that the extent of this easing towards the year-end and where the new inflation rates will stabilise at are big uncertainties. Inflation rates in […]
Read MoreIndonesia’s new vehicle market surged by over 29% to 86,256 units in July 2022 from 66,639 units a year earlier, according to member wholesale data compiled by industry association Gaikindo. The vehicle market last month continued to rebound from the 10% decline in May, when activity was held back by the annual Eid holidays, and […]
Read MorePETALING JAYA: Malaysia’s economy is projected to grow at 5.7% to 6.5% this year, with at least another 25 basis point (bps) hike in the overnight policy rate (OPR) amid higher inflationary pressures. The projection by economists of gross domestic product (GDP) growth is higher than Bank Negara’s forecast growth range of 5.3% to 6.3% […]
Read MoreDESPITE a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank’s forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]
Read MoreThe new tri-country freight train, or ASEAN express, between Malaysia, Thailand and Laos will begin operating in October of this year. The Star reports that Keretapi Tanah Melayu Berhad (KTMB), the railway operator company, tested the new railway last week via a dry run to test all aspects of the line and to prepare for the commercial […]
Read MoreDESPITE a moderation in Vietnam’s July exports this year, Moody’s Analytics is positive on the country’s prospects as it remains a beneficiary of investment inflows redirected from policy uncertainties in China. Vietnam is also the only Asia-Pacific (Apac) economy to experience a significant upward revision to GDP (gross domestic product) growth forecasts by Moody’s Analytics, […]
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