MALAYSIA’S economy will grow at a slower pace in 2023 compared to this year, Finance Minister Tengku Zafrul Aziz said in a statement on Wednesday (Sep 21). Zafrul cited slowing global growth, rising commodity and food prices, US-China tensions and China’s strict Covid-19 containment measures that were affecting supply chains. Malaysia had earlier forecast its […]
Read MoreThe Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation. The ministry and BoT will discuss the baht’s weakness as the nation needs […]
Read MoreJakarta. The Asian Development Bank, or ADB, the region’s multilateral development bank, has upgraded its economic growth forecasts for Indonesia this year but penciled in a slower growth pace for the next year as the county would likely be impacted by deteriorating global growth. In its Asian Development Outlook 2022 September update, ADB projected the largest economy […]
Read MoreA recent strong influx of FDI to Vietnam has prompted the government to design long-term policies and create a favourable and transparent environment for foreign investors to operate in a long term in the country, according to experts. Statistics from the Ministry of Planning and Investment showed that 35-40% of the total FDI capital injected […]
Read MoreTHAILAND’S central bank and the finance ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation. The ministry and Bank of Thailand (BOT) will discuss the baht’s weakness as the […]
Read MorePETALING JAYA: Malaysia is to experience robust gross domestic product (GDP) growth in the third quarter of this year (3Q22), partly owing to the low base of 3Q21 where GDP contracted by 4.5% year-on-year (y-o-y). Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said a GDP growth of between 8% and 9% for 3Q22 […]
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Thailand
