indo01
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ADB Upgrades Indonesia’s Growth Forecast

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 […]

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Malaysia: Robust GDP seen to sustain in 3Q

PETALING 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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Philippines: Peso slumps to new low

MANILA, 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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