KUALA LUMPUR: Malaysia’s economy is projected to grow at a more moderate pace of 4% this year, with domestic private sector spending is expected to be the main driver of growth amid an expected slowdown in external demand. According to the World Bank, private consumption is forecast to expand at a slower but still relatively […]
Read MoreJAKARTA — Indonesia’s economy returned to pre-pandemic growth in 2022, as the government eased COVID restrictions and businesses got back into gear. Southeast Asia’s largest economy grew 5.31% in 2022 from a year earlier, government data showed on Monday, up from a 3.69% expansion in 2021. Indonesian President Joko “Jokowi” Widodo had previously forecast growth of 5.2% […]
Read MoreThe Siam Commercial Bank’s Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be less than its growth potential before the COVID-19 pandemic. According to the Thai bank, the rebound will vary across these nations, based on economic fundamentals and risks specific to each country. The […]
Read MoreThe modern e-wallet market in Viet Nam is surging and is expected to reach 50 million active users by July 2024, experts said. The modern e-wallet market in Viet Nam is surging and is expected to reach 50 million active users by July 2024, experts said. In a report, Robocash Group said: “the modern e-wallet market in Viet Nam is […]
Read MoreAmid the predictions by major global institutions about a slowdown across developed economies and its impact on developing nations, ASEAN countries like Cambodia remain a beacon of hope. The Cambodian economy is estimated to grow at 5.6 percent this year against the earlier estimate of 6.6 percent. It was stated by Vongsey Vissoth, the Ministry […]
Read MoreHigh-value industrial products with few imported raw materials such as rubber products, canned and processed seafood, gems and jewellery are expected to be the hardest hit as the baht strengthens, according to the planning unit of the Commerce Ministry. Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), said the baht accelerated quickly to […]
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