SINGAPORE’S non-oil domestic exports (NODX) contracted by a shock 5.6 per cent year on year in October from a high year-ago base, with both electronic and non-electronic exports falling. This is the first decline since November 2020. October’s fall was significantly larger than the 1.7 per cent decline forecast by economists in a Bloomberg poll, […]
Read MoreBANGKOK: Thailand’s economy grew at its fastest pace in over a year in the third quarter, as a revival in tourism, increased consumption and a pick-up in private investment boosted growth, but the state planning agency flagged global growth risks ahead. Southeast Asia’s second-largest economy expanded 4.5% in the September quarter from a year earlier, […]
Read MoreCambodia through its progressive market-based reforms has reaped high dividends courtesy the FTA with ASEAN countries, but that was just the stepping stone. The recent agreements with Korea, China, Japan and many others to follow will further put the Kingdom on a solid footing. Khmer Times examines how the FTA will boost trade activities in Cambodia not only […]
Read MoreAccording to the e-Conomy SEA report 2022, 83% of investment funds expect the number of investment projects in Vietnam will continue to grow in the 2025-2030 period. Vietnam, Indonesia and the Philippines are among the potential markets for digital economic development. The age of SEA digital economy begins Growing at a double-digit rate in 2019-2022, […]
Read MoreINDONESIA announced a minimum wage increase for 2023 that was smaller than labour unions had demanded, risking protests by workers. Minimum wages across Indonesia will rise by a maximum of 10 per cent next year, the Ministry of Manpower said, as it set a new formula for computing the increase. Provinces will have until Nov […]
Read MoreMANILA, Philippines — The tightening financial environment amid a spate of aggressive rate hikes may result in more firms having difficulty servicing immediate debt payments, according to the Bangko Sentral ng Pilipinas (BSP). Based on the results of a stress-test exercise conducted by the BSP, more firms in the industrial, services, holdings, property and financial […]
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