Jakarta. 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 […]
Read MoreTHE Asian Development Bank (ADB) has revised up its 2022 growth projection for South-east Asia to 5.1 per cent from 4.9 per cent, as stronger forecasts for Indonesia, Myanmar and the Philippines offset downward revisions for Singapore and Thailand. In an update of the Asian Development Outlook 2022, released on Wednesday morning (Sep 21), ADB said […]
Read MoreMANILA, Philippines — The peso slumped to a new low of 57.48 to $1 yesterday, shedding eight centavos from Monday’s 57.40, with the anticipated super-sized rate hike by the US Federal Reserve likely to be followed by a huge increase by the Bangko Sentral ng Pilipinas (BSP). The local currency hit a record intraday low […]
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