MANILA, Philippines — Credit growth in the Philippines may slow down to a range of five to seven percent next year from the projected seven to nine percent growth rate this year amid the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP). In a report, Nikita Anand, primary credit analyst at S&P, […]
Read MoreSINGAPORE, Nov 23 (Reuters) – Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s outward-oriented industries like trade and finance. Gross domestic product (GDP) is expected to rise by 0.5% to 2.5% next year, the Ministry of Trade and Industry […]
Read MorePETALING JAYA: Malaysia needs to restructure its economic activities by concentrating on a technology-driven economy with high value-add to offer a better future for the people, said Sunway University economics professor Dr Yeah Kim Leng. He said there is an urgent need for the new government to shift to higher-value economic activities to generate high incomes […]
Read MoreThailand’s economic growth recorded the fastest pace in over a year, expanding by 4.5% year-on-year in the third quarter of 2022, thanks to tourism rebound, according to data from the National Economic and Social Development Council (NESDC). Bangkok (VNA) – Thailand’s economic growth recorded the fastest pace in over a year, expanding by 4.5% year-on-year in the third quarter […]
Read MoreThe cost of just about everything from food to energy to transport is rising significantly, with the average inflation rate recorded at 19.69 percent over the past 10 months of this year. In October alone, prices rose by 36.75 percent, up from 34.05 percent recorded in September and 30.01 percent in August, according to the […]
Read MoreCambodia needs to cultivate a conducive ecosystem for the development of its green finance market and make it sustainable and attractive for potential investors, experts said at a forum yesterday while calling upon both the government and the private sector to take the initiatives in view of the urgent need to align future infrastructure and […]
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