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India becomes Vietnam’s biggest meat seller in H1

Vietnam imported over 79,700 tons of meat and meat products worth US$250.9 million from India in the first half of 2022, making the latter the former’s largest meat supplier, according to the Import-Export Department. Statistics from the department indicated that between January and June, Vietnam’s import of meat products from India rose by 20.9% in […]

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Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]

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Indonesian vehicle market up 29% in July

Indonesia’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 […]

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Malaysia: GDP momentum to remain positive this year

PETALING 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% […]

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Thai economy to continue growing despite weaker-than-expected Q2: central bank

DESPITE 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 […]

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