MALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department. Chief statistician Datuk Seri Mohd Uzir Mahidin said generally, the growth of SMEs’ GDP will exceed Malaysia’s GDP but since 2020, the SME GDP has recorded slower growth than the […]
Read MoreMANILA, Philippines — Economists are at odds over the inflation figures for July, with some expecting further pickup and others seeing a slowdown in the pace of consumer price growth. Alvin Arogo, economist at Philippine National Bank, said inflation likely accelerated further to 6.7 percent in July after quickening to 6.1 percent in June from […]
Read MoreCambodia will benefit significantly from the Phnom Penh-Sihanoukville expressway project such as faster and cost-efficient transport and logistics. The outlook was shared recently by Dr Ky Sereyvath, Director of the Institute of China Studies and an economist at the Royal Academy of Cambodia. The expressway connects Phnom Penh to the deep-sea port in Sihanoukville making […]
Read MoreThe Thai government’s finances are under strain after subsidising energy bills for years during the pandemic, but a reduction in support could have deleterious consequences State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February. While global oil prices remain high, the government’s efforts […]
Read MoreIn Q1 2022, the performance of the retail sales showed a year-on-year (y-o-y) decrease of 3.9 per cent with an estimated value decreased from BND468.5 million to BND450.1 million. In terms of volume, the retail sales also recorded a negative growth of 8.4 per cent y-o-y, said the Department of Economic Planning and Statistics (DEPS) […]
Read MoreTHE incomes of 40 per cent of DBS customers are not keeping up with inflation, the bank’s research unit said in a report on Monday (Aug 1), flagging that low-income individuals and baby boomers are particularly vulnerable. Among customers sampled by DBS, 21 per cent had their incomes grow less than 5 per cent year […]
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