KUALA LUMPUR – Malaysia grew at the quickest pace in more than two decades in 2022, as pent-up demand helped the nation take the mantle of the fastest-growing economy in Asia even if the title is likely to be shortlived. Gross domestic product rose 8.7 per cent last year, the highest level since 2000, data from […]
Read MoreMANILA, Philippines — Manila Electric Co. announced a rate cut for the February power bill, but a scheduled shutdown in a Malampaya natural gas facility could push up energy prices again. In a statement on Friday, the Pangilinan-led power distributor said it cut its overall rate by P0.0106 per kWh in February. The cut is […]
Read MoreSINGAPORE: Given that Budget 2023 falls on Valentine’s Day, Singaporeans can be forgiven for hoping for some love from the government as they wrestle with the impact of rising prices, increasing healthcare needs, a widening wealth gap and greater uncertainty in an age of rapid digitalisation. After three consecutive generous budgets, Finance Minister Lawrence Wong […]
Read MoreThe strengthening of the baht is a risk to Thailand’s economy at the moment as it reduces export volumes, the finance minister said on Friday. The business sector needs to hedge against foreign exchange risks, Finance Minister Arkhom Termpittayapaisith told a ministry event. The baht has gained about 2.7% against the dollar so far this […]
Read MoreAccording to AEC connect, Laos’ fuel import from Vietnam rose by 439 percent and was worth USD 125 million last year. Overall exports from Vietnam to Laos shot up by 10.4 percent to USD 656.4 million while other exports, including steel, dropped 15 percent to USD 60.1 million, and fertilizer surged up by 31 percent to USD […]
Read MoreKUALA LUMPUR: Malaysia’s economy grew 7% in the fourth quarter of 2022, slightly under half the double-digit growth of 14.2% in the previous quarter, amid the waning impact of stimulus measures and the low-base effect. Bank Negara said private sector activity remained the key driver of growth, supported by private consumption and investment. “The continued […]
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Thailand
