THE Philippines’ agricultural trade deficit widened substantially last year as imports again outstripped exports, the Philippine Statistics Authority reported on Tuesday. Agricultural trade totaled $26.8 billion in 2022, 19 percent higher compared to the previous year’s $22.5 billion. Imports comprised nearly three-fourths or P19.3 billion while exports accounted for $7.5 billion. The resulting $11.8-billion deficit […]
Read MoreThe Ministry of Finance has advised residents across the country to pay their road taxes by September this year. The ministry has issued a notice addressing individuals, legal entities, and organizations that own or use vehicles to clear their road tax payments by the end of September. Car shop owners will pay road taxes for vehicles that […]
Read MorePETALING JAYA: Analysts have mixed views on the inflation outlook for Malaysia in the near term but expect it to hover between 3% and 3.5% for the year underpinned by slower economic growth and stable commodity prices. In March, the consumer price index (CPI) moderated to 3.4% year-on-year (y-o-y) from 3.7% y-o-y in February this […]
Read MoreSINGAPORE’S manufacturing output contracted less than expected in March, but economists expect the industry’s slump to continue for at least the first half of 2023. Industrial production fell 4.2 per cent year on year in March, marking the sixth straight month of contraction, according to data from the Singapore Economic Development Board (EDB) on Wednesday […]
Read MoreAfter the last two interest rate cuts, lending rates on the market have fallen to below 8% per annum. Local commercial banks are willing to cut lending rates to further support local enterprises and people, central bank’s deputy governor Dao Minh Tu said on April 25. The State Bank of Vietnam (SBV) will continue to give further […]
Read MoreTHAILAND’S finance ministry has lowered its 2023 economic growth outlook to 3.6 per cent from 3.8 per cent projected earlier, on expectations of a fall in exports as global demand weakens, officials said on Tuesday (Apr 25). Exports, a key driver of Thai growth, are expected to drop 0.5 per cent this year, compared with […]
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