The value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish. The goal is to double per-capita gross domestic product […]
Read MorePETALING JAYA: While inflation appears to remain sticky in many countries, Malaysia’s headline inflation in January fell for the fifth straight month to 3.7% year-on-year (y-o-y), amid the implementation of the Festive Season Maximum Price Scheme for the Chinese New Year starting from Jan 15 to Jan 29. The weaker figure, economists think, will allow […]
Read MoreSINGAPORE’S services industries recorded a 10.9 per cent year-on-year rise in business receipts in the final quarter of 2022, easing from the revised 15.9 per cent growth rate in Q3, data from the Department of Statistics (Singstat) indicated on Monday (Feb 27). On a non-seasonally adjusted quarterly basis, business receipts were up 2.9 per cent […]
Read MoreLaos will declare 2023-2024 as Lao Tourism Year and make elaborate plans to attract visitors as the country prepares to host the ASEAN Summit in 2024. Laos recorded almost 1.3 million tourists in 2022 and the country hopes to attract 1.4 million visitors in 2023 with an estimated 368,000 visitors from China after the country reopened its borders in January this […]
Read MoreThailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday. Domestic spending has increased and the government will accelerate large project investment to help growth, Arkhom Termpittayapaisith told a Radio Thailand programme. As […]
Read MoreMANILA, Philippines — Singapore’s DBS Bank lowered the projected gross domestic product (GDP) growth of the Philippines this year to 5.8 percent from the previous target of 6.3 percent on the back of still elevated inflation, tighter monetary conditions, and higher statistical base. In a research note, DBS economist Chua Han Teng said the economic […]
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