KUALA LUMPUR: Malaysia needs to look at balancing its regional economic development in order to narrow the development gap in the country. Speaking at the launch of the World Bank’s Malaysia Economic Monitor February 2023 report, Ndiame Diop, the country director for Brunei, Malaysia, Philippines, and Thailand, said Malaysia’s regional economic development is not aligned. […]
Read MoreThe first China-Laos-Thailand freight train departed from Kunming on Tuesday carrying nine cold-chain containers packed with about 280 tonnes of fresh vegetables for export to Laos and Thailand. Xinhua News Agency reports that within fifty-five hours, the freight train will arrive in Bangkok after passing through Laos where it would make a quick stop for reloading more goods. […]
Read MoreSINGAPORE’S median monthly household income from work rose by a marginal 0.2 per cent in real terms in 2022 for resident employed households, just keeping ahead of high inflation, according to a Singapore Department of Statistics (Singstat) report on Thursday (Feb 9). This was a sharp slowdown from 2021’s real growth of 1.5 per cent. But […]
Read MoreAlmost 99% of the 15,000 global early technology adopters surveyed by Ericsson say they expect to be proactively using internet and connectivity-based solutions by 2030 to personally address the impact of climate change and global warming. The statistic is included in the annual 10 Hot Consumer Trends research report from Ericsson ConsumerLab. This year’s theme […]
Read MorePETALING JAYA: After two years of relatively robust growth, Malaysia’s industrial output (comprising manufacturing, electricity and mining production) is expected to enter a subdued phase in 2023 amid slower global demand and still-high inflation. According to economists’ projections, the industrial production index (IPI) growth could slow to around 3.5% and 3.7% this year from 6.9% […]
Read MoreMANILA, Philippines — The Philippines posted a 10 percent increase in motor vehicle production in 2022 but it remains behind the majority of its Southeast Asian neighbors. Based on data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF), 92,223 motor vehicles were assembled in the Philippines last year, higher than the 83,846 […]
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Thailand
