KUALA LUMPUR, April 20 ― The sizeable trade surplus will continue to support Malaysia’s growth this year despite the expectations of softening exports in the months ahead, says CGS-CIMB Securities Sdn Bhd. Economist Nazmi Idrus said the firm remained positive on Malaysia’s 2023 full-year trade balance outlook despite expectations of softening exports in the months […]
Read MoreTHE PHILIPPINES remains open forging trade deals despite US Trade Representative Katherine Tai saying that the US was not considering a pact with the Philippines at the moment, Trade Secretary Alfredo Pascual said on Wednesday. In an interview with reporters, Pascual said that Tai’s remarks were understandable as the US was also facing several problems […]
Read MoreTo comply with the goal of the Party and the State to transform Laos from being landlocked to a central land link, and use the Laos-China railway to achieve maximum efficiency, on April 17, 2023, Speed International Transport Lao Co., Ltd. in Laos partnered with Speed Inter Transport Co., Ltd. in Thailand and Guangxi Dongxie […]
Read MoreThe amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system have surged 2.2 times to 26.1 million, according to an […]
Read MoreMANILA, Philippines — The country’s dollar position rebounded to surplus territory in March on the back of the Marcos Jr. administration’s foreign currency loans. Data released by the Bangko Sentral ng Pilipinas on Wednesday showed the country’s balance of payments position landed a surplus of $1.3 billion in March. This was larger compared to the […]
Read MorePETALING JAYA: Malaysia can expect to benefit, to a certain extent, from China’s economic growth this year following the cessation of its zero-Covid policy, as the latter registered a stronger-than-projected gross domestic product (GDP) growth of 4.5% year-on-year (y-o-y) in the first quarter of 2023 (1Q23), say analysts. However, they also cautioned that the growth […]
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