Growth beat forecasts with strong exports, accelerated from previous quarters KUALA LUMPUR — Malaysia’s gross domestic product grew 14.2% in the third quarter compared to the same period last year, its central bank announced on Friday, signaling economic recovery from the two-year-long COVID-19 pandemic, although fear of a global slowdown remains. After Malaysia’s economy expanded […]
Read MoreCambodian Prime Minister Samdech Techo Hun Sen said here on Thursday that the Regional Comprehensive Economic Partnership (RCEP) trade pact will be a booster for regional trade and greater economic integration in the post-COVID-19 pandemic era. Entering into force early this year, the RCEP comprises 15 Asia-Pacific countries including 10 ASEAN member states, namely Brunei, […]
Read MoreSuch high growth shows the Government’s determination in its efforts for socio-economic recovery and development amid global uncertainty. Vietnam’s National Assembly (NA) today [November 10] adopted a resolution on socio-economic development for 2023 with the GDP growth target for the year at 6.5%. Other major economic objectives for next year include inflation of 4.5%, GDP […]
Read MoreConsumer confidence increased for the fifth straight month in October, hitting a 10-month high, boosted by strong exports, a recovery in tourism and the easing of the pandemic. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 46.1 in October from 44.6 in September, 43.7 in August, 42.4 […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDI) continued to decline, even though it hit a four-month high of $797 million in August, due to global headwinds caused by monetary policy tightening to fight soaring inflation, data released by the Bangko Sentral ng Pilipinas (BSP) showed. The August inflow was the highest […]
Read MoreTHE Association of Southeast Asian Nations (Asean) has agreed in principle to admit East Timor as the group’s 11th member, the bloc said on Friday (Nov 11). The half-island nation, which is officially called Timor-Leste, will also be granted observer status at high-level Asean meetings, the bloc said after regional leaders met in Phnom Penh to […]
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