KUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production eased further to 6.8 per cent in August compared to 7.6 per cent in the previous month, the Department of Statistics Malaysia (DOSM) said. The department said the lower reading was attributed to the manufacturing index with a 9.4 per cent expansion (July 2022: 9.9 […]
Read MoreVIETNAM’S economy posted a double-digit growth in the third quarter, reflecting a robust recovery from the pandemic-induced slump a year ago. Gross domestic product rose 13.67 per cent in the 3 months ending September from a year earlier, the General Statistics Office said on Thursday (Sep 29). That compares with a 14.35 per cent median […]
Read MoreThe Bank of Thailand on Wednesday raised the policy rate by 0.25 percentage points to 1%, in a bid to tame high inflation amid an uneven economic recovery. The meeting of the central bank’s Monetary Policy Committee (MPC) voted unanimously for the rate hike, which is effective immediately, according to the committee’s secretary Piti Disyatat. Last […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) remains optimistic on Philippine economic growth this year as it sticks to its gross domestic product (GDP) and inflation forecasts, despite the continued depreciation of the local currency and damage caused by Super Typhoon Karding. “We are not looking at any significant changes to the outlook that […]
Read MoreIt’s fair to say there exists a level of social and economic inequality within Asean. Following the 1997 Asian financial crisis that exposed Asean’s vulnerability to cross-border capital flows, the region has undergone a significant transformation, from a bloc of mostly underdeveloped and developing countries to one with the world’s most dynamic economies collectively. However, rapid […]
Read MoreTaxpayers and tax practitioners in the country have been caught in the middle for the last couple of months with the Kingdom now following two official foreign exchange rates – one fixed by the National Bank of Cambodia (NBC) and the other by the General Department of Taxation (GDT). Though the two official rates for […]
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