PETALING JAYA: While pre-Budget news reports have been on managing federal government spending, growing revenue should be a priority in the revised Budget 2023. Government revenue is expected to dip to 15% of gross domestic product (GDP) in 2023, after temporarily increasing in 2022 to 16.7% of GDP, as crude oil prices moderate to the […]
Read MoreThe Commerce Ministry says it wants Thailand to become one of the largest exporters in Asia by 2027. According to Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department in the ministry, the department commissioned a five-year action plan from 2023-27 to improve trade competitiveness, with the aim of becoming one of the five largest […]
Read MoreThe consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same period of 2021, according to PPSP’s latest report released on […]
Read MoreMANILA, Philippines — Investment commitments from foreign firms registered with investment promotion agencies (IPAs) rose by 30 percent year-on-year in the fourth quarter, leading to a 26 percent growth in the full-year 2022 tally amid the reopening of the economy. Data released by the Philippine Statistics Authority (PSA) showed a total of P241.89 billion worth […]
Read MoreKUALA LUMPUR: Malaysia’s gross output expanded by RM307.6 billion or 10.6 per cent to RM3.21 trillion in 2021 from RM2.90 trillion in 2020, said the Department of Statistics Malaysia (DOSM). In its Annual Economic Statistic 2021, DOSM said the manufacturing sector remains a primary contributor with a 50.1 per cent share, or RM1.61 trillion, of […]
Read MoreThailand’s smartphone market is expected to rebound in the second half, supported by strong demand in the premium segment that is less affected by economic woes, say industry pundits. Bundled packages with instalment payments stretching up to 60 months are expected to improve purchasing sentiment. South Korean electronics giant Samsung recently launched its new Galaxy […]
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