PETALING JAYA: Asian economies are expected to see a gloomy start in 2023, but it would not be for long with Malaysia seen to be relatively resilient among Asean countries, says the Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW noted that experts and analysts have warned of an impending recession in 2023 […]
Read MoreMANILA, Philippines — Philippine manufacturing output picked up in October from the previous month with 14 industry divisions registering increases, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output, as measured by the Volume of Production Index (VoPI), registered […]
Read MoreThe World Bank in its report released yesterday said Cambodia’s goods export growth accelerated, surpassing its pre-pandemic growth rate. In the first 8 months of 2022, merchandise exports surged, growing at 28.6 percent y/y, driven largely by exports of main manufacturing products, namely garment, travel goods, and footwear, which grew at 30.3 percent y/y. Merchandise […]
Read MoreLocal banks are expected to raise interest rates this week following the Bank of Thailand’s recent policy rate hike, while borrowers could face a normalisation of loan rates for next year. Two large Thai banks, Siam Commercial Bank (SCB) and Kasikornbank (KBank), already increased prime interest rates for both deposits and loans. Last week the […]
Read MoreThe economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday. Arkhom Termpittayapaisith said tourism is helping drive Thailand’s recovery after the Covid-19 pandemic. During the first 10 months of this year, the kingdom welcomed nearly 7.2 million […]
Read MoreChina has proposed signing protocol for seven types of local fruit exported to the northern neighbour via official channels for stricter management, as is currently applied to durian and star apples. This information was unveiled by Phan Thi Thu Hien, representative of the Plant Protection Department, during a forum aimed at connecting agricultural production and […]
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