Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings. In its recent report, Fitch said that improving levels of vaccination in the country should reduce the risk that the recovery is set back by further COVID-19 outbreaks. However, the evolution of the […]
Read MoreGDP accelerated in Q4 to pre-pandemic level, but COVID fear remains for 2022 JAKARTA — Indonesia’s economy returned to growth in 2021, rebounding from its first contraction in two decades the year before as coronavirus-induced restrictions eased and business got back into gear. The gross domestic product of Southeast Asia’s largest economy climbed 3.69% from […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar on lack of demand due to falling crude oil prices, said an analyst. At 9.02 am, the local currency traded 4.1835/1875 versus the greenback from Friday’s close of 4.1805/1810. The analyst said investors are staying away from the local forex market ahead of Malaysia’s fourth […]
Read MoreLast October, Vietnam’s Government pivoted from a “Zero Covid” approach to a “Living with Covid” approach, which drove a reopening boom. Vietnam’s GDP growth is set to surge from 2.6% in 2021 to 7-7.5% in 2022, or even exceed 7.5% this year, driven by vigorous rebounds in Vietnam’s domestic consumption and construction activity, as well […]
Read MoreCambodia shipped some 53,036 tonnes of milled rice in the first month of this year, netting $35.72 million. The update was provided by the Cambodian Rice Federation (CRF), indicating that the exported amount saw an increase of 54.75 percent compared to the same period in 2021. China remains the biggest market, importing 31,181 tonnes or […]
Read MoreMANILA, Philippines — The projected expansion of exports may further improve the Philippines’ growth trajectory as the policy normalization of the world’s major central banks is expected to lead to increased global trade. During the 16th JP Morgan Philippine Conference 2022, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the policy normalization by major central […]
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Thailand
