World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. Vietnam, which was expected to grow at 6.7 percent this year as per the October forecast will now grow by only 6.3 percent […]
Read MoreMANILA, Philippines — Most economists expect inflation to ease for the second consecutive month in March, but are convinced it remained above eight percent or double the higher end of the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) UnionBank chief economist Ruben Carlo Asuncion said inflation eased further to […]
Read MoreINDONESIA’S annual inflation cooled to its lowest rate in seven months in March, data from the statistics bureau showed on Monday (Apr 3), as prices rose slower than usual during the beginning of the Muslim fasting month of Ramadan. March’s annual inflation rate was 4.97 per cent, the lowest since August 2022, and down from […]
Read MorePouYuen Vietnam Company LTD is one of those that have felt the pinch of the economic retreat. The company has announced a plan to terminate 2,300 posts and trim ranks at its Sections C and D in the short term. HÀ NỘI — Many Vietnamese firms are going through rounds of layoffs as the global economic downturn […]
Read MorePRICES of private homes in Singapore have accelerated in the first quarter of 2023, growing 3.2 per cent over the previous three months, according to the Urban Redevelopment Authority’s (URA) flash estimates on Monday (Apr 3). This follows a marginal 0.4 per cent increase in Q4 last year. Year on year, prices climbed 11.3 per cent, noted […]
Read MoreKUALA LUMPUR: Malaysia’s seasonally adjusted manufacturing purchasing managers’ index (PMI) climbed to 48.8 in March 2023 from 48.4 in February 2023, indicating improving demand in the manufacturing sector, says S&P Global. In a statement today, the financial information and analytics firm said the latest reading pointed to the least marked slowdown in business conditions since […]
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