BANGKOK, Feb 17 (Reuters) – Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing. The planning agency responded by downgrading its outlook for this year. But the economy, Southeast Asia’s second largest, should not […]
Read MoreKUALA LUMPUR (Feb 17): Vehicles sold in Malaysia fell 36% to 49,461 units in January 2023, from 76,657 units in December 2022, as the month had fewer working days due to the Chinese New Year festivities, while a shortage of chips and components continued to dog certain makes. According to the Malaysian Automotive Association (MAA) in a […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted for the fourth consecutive month in January, bogged down by declines in both electronics and non-electronics, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Feb 17). The month’s NODX tumbled 25 per cent from a high year-ago base, deepening from December 2022’s 20.6 per cent decline on the year. NODX in […]
Read MoreThe number of registered electric vehicles (EVs) in Cambodia increased by 1,000 percent last year, reflecting the growing awareness of their benefits. The government also supported the private sector in building charging stations. There are now more than 700 registered electric vehicles in the country, said Sun Chanthol, the Minister of Public Works and Transport, […]
Read MoreJAKARTA: Indonesia’s central bank held its key interest rate unchanged yesterday, emphasising that the current level should be sufficient to guide inflation back to within its target range later this year. Bank Indonesia kept the benchmark seven-day reverse repurchase at 5.75%, as expected by the majority of economists in a Reuters poll. Its two other […]
Read MoreBSP key rate hits 6% MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remained hawkish as it raised key policy rates by another 50 basis points yesterday to hit its highest level in almost 16 years, a strong follow-through monetary policy response as inflation is now expected to accelerate further to above six percent […]
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