INDONESIA will likely book a 2022 fiscal deficit of 732.2 trillion rupiah (S$68.2 billion), or 3.92 per cent of gross domestic product (GDP), smaller than a previous outlook of 4.5 per cent of GDP, due to strong revenue forecasts, its finance minister said on Friday (Jul 1). Sri Mulyani Indrawati told a hearing with parliament’s budget […]
Read MoreDESPITE the effect of rising fuel costs on consumer demand, the new chief of the central bank is optimistic that the Philippine gross domestic product (GDP) growth would reach at least the lower end of the government’s objective this year. “It will be difficult to match 8.3 percent [economic growth] in the first quarter because […]
Read MoreCambodia spent $971.30 million on imports of petrol and diesel in the first five months of this year, up by 57.36 per cent from the $617.24 million shipped in during the corresponding period in 2021, according to the commerce ministry. Petrol imports were $341.94 million, up by 103.11 per cent year-on-year from $168.35 million, while […]
Read MoreThailand’s customs-based exports in May rose 10.5% from a year earlier, Commerce Minister Jurin Laksanawisit said on Friday, confirming Customs Department data released earlier. In January-May, exports increased 12.9% from a year ago, he told a news conference. The customs data released previously also showed annual imports jumped 24.1% in May and a trade deficit […]
Read MoreVietnam continues to be a magnet to foreign direct investment (FDI) in ASEAN as it is transforming into a production base for tech giants. According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times […]
Read MoreJAKARTA : Indonesia’s central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose at the fastest pace in five years, topping forecasts and breaching its target range amid a surge in food prices. June’s annual inflation rate accelerated to 4.35 per cent, the highest […]
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