MANILA, Philippines — The World Bank raised its gross domestic product (GDP) growth forecast for the Philippines this year after a stronger-than-expected performance in the third quarter, but cautioned that growth would slow next year, citing unfavorable developments in the global environment that could affect the domestic economy. In its Philippines Economic Update report, the […]
Read MoreCorrects to reflect the B35 rollout mechanism will be created next year, not the policy itself JAKARTA, Dec 6 (Reuters) – Indonesia expects headline inflation at the end of 2022 to be in a range of between 5.34% and 5.5%, a senior minister said on Tuesday. Speaking after a cabinet meeting, chief economics minister Airlangga Hartarto also […]
Read MoreMANILA, Philippines — The World Bank upgraded its forecast on the domestic economy’s growth in 2022 but expects some slowdown next year as persisting headwinds continue to loom overhead. In the yearend edition of its Philippine economic update, the Washington-based lender said it now expects the economy to expand 7.2% year-on-year in 2022, from its […]
Read MoreThailand will tax stock transactions again next year after 30 years of waiver. Bangkok, (VNA) – Thailand will tax stock transactions again next year after 30 years of waiver. Thailand’s Government spokesman Anucha Burapachaisri has recently said that institutional investors in the country will be subject to the transaction tax except for pension funds and market […]
Read MoreIndonesia will possibly record economic growth of 4.5 – 5.3% in 2023 and 4.7 – 5.5% in 2024, according to Governor of Bank Indonesia Perry Warjiyo. Jakarta (VNA) – Indonesia will possibly record economic growth of 4.5 – 5.3% in 2023 and 4.7 – 5.5% in 2024, according to Governor of Bank Indonesia Perry Warjiyo. Growth drivers will include such […]
Read MoreSINGAPORE – Retail sales in Singapore continued to climb in October, though at a slower year-on-year pace, as car sales extended their slump, according to figures released by the Department of Statistics on Monday. Total retail takings rose 10.4 per cent year on year, easing from the revised 11.3 per cent growth in September and […]
Read More
Thailand
