Brunei Darussalam Central Bank (BDCB) highlighted a notable growth in Brunei Darussalam’s financial sector’s total assets with an increase of 5.9 per cent year-on-year with total asset value of BND24.8 billion as of third quarter (Q3) of 2022. Of this, the Islamic finance sector accounts for 60.3 per cent, or BND15 billion, of the total […]
Read MoreSINGAPORE – Core consumer prices in Singapore rose in November at a pace that was unchanged from the previous month. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singapore households more accurately, came in at 5.1 per cent year on year. This was in line with the 5 […]
Read MoreConsumer spending during the New Year holiday is expected to reach 103 billion baht, pushed by the country’s continued economic recovery from the pandemic. The estimated spending is an expansion of 20.1% from the 85.7 billion baht posted during the previous New Year period, the highest increase since 2007 and the first time in three years consumption […]
Read MoreMANILA, Philippines — The proposed establishment of the pioneering sovereign wealth fund in the country is seen addressing the dearth in sources of long-term capital, according to state-run Development Bank of the Philippines. DBP president and CEO Emmanuel Herbosa said the Maharlika Investment Fund (MIF) is imperative to broaden investments in critical areas such as […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) and the Belt and Road Initiative (BRI) are contributors to regional and global economic recovery efforts, academics said here on Tuesday. Entering into force earlier this year, the RCEP comprises 15 Asia-Pacific countries including 10 ASEAN member states and their five trading partners, namely China, Japan, South Korea, Australia […]
Read MoreHSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%. According to the lender, the growth of this year still benefits from the advantages in Vietnam’s post-pandemic reopening, but challenges will have heavier impacts on the country next year, especially when […]
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Thailand
