KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth is expected to moderate in the second half of this year (2H22) after having surged 6.9% in 1H22. Sunway University economics professor Yeah Kim Leng said the slower economic growth anticipated in 2H22 is premised on the rapid cooling of the global economy. “Key indicators pointing to […]
Read MoreThe Cambodian Microfinance Association has urged people in need of loans to use services from legitimate financial institutions and to avoid unofficial mortgages or online loans – which can have serious consequences. Kaing Tong Ngy, spokesman for the Cambodian Microfinance Association, expressed support for the NBC’s announcement that people should avoid unofficial loans or online […]
Read MoreSINGAPORE hotels’ average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, according to the latest data from the Singapore Tourism Board (STB). ARR in July was S$259 – the highest since September 2012, where it was S$261.66. On the year, the jump was 69.2 per cent; […]
Read MoreIndonesia’s Parliament has given a green signal to the country’s membership of the Regional Comprehensive Economic Partnership (RCEP) trade pact. The country expects to boost trade and foreign direct investment in various sectors. Indonesian textile sector may also hope for higher investment, but government’s policy may not encourage synergy within the bloc. With its accession, […]
Read MoreMANILA, Philippines — The Philippines continued to lag behind its Southeast Asian neighbors in motor vehicle production, as it was the only country among six that posted a decline in output in the seven months of the year. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed 48,166 motor vehicles were […]
Read MoreThai food exports are projected to grow by 10% this year, the highest level in a decade, after robust growth of 30% in the first half of this year. The gains are driven by the economic recovery and the resumption of business activities after the easing of Covid-19 restrictions, as well as mounting concerns over food […]
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