KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar. He noted that the agriculture and mining sectors now only contribute 14 per cent […]
Read MoreMembers of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%. VAMA reported on September 13 that of the total, the sale of passenger and special-purpose vehicles expanded by 9% and 21%, respectively; while that of commercial vehicles saw a […]
Read MoreThe General Department of Taxation (GDT) collected $2.43 billion as tax income in the January-August period of 2022, up 27.7 percent from $1.9 billion over the same period last year. The figure was mentioned in a meeting between Seng Chea Sith, Director, Department of Legislation, Tax Policy and International Tax Cooperation and Alasdair Scott, the […]
Read MoreMANILA, Philippines — Local car manufacturers saw sales rebound in August amid a vaunted economic reopening that lifted demand, helping the industry remain on track to meet its target for this year. A total of 30,185 units were sold in August, as sales fattened 90.5% year-on-year according to a joint report by the Chamber of […]
Read MoreThe Economic Intelligence Center (EIC), a research house under Siam Commercial Bank, has upgraded its inflation rate projection for this year to higher than 6% before falling to the near the Bank of Thailand’s target range next year. The EIC increased its inflation assessment for 2022 to 6.1% from the previous forecast of 5.9%, mainly as […]
Read MoreBusinesses have mixed reactions to the new daily minimum wage hike finalised by the cabinet on Tuesday as they deal with a raft of economic challenges. The government agreed to new wages ranging from 328 to 354 baht, taking effect from Oct 1. Labour advocacy groups said earlier the last wage increase was in January […]
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