BENGALURU, May 3 (Reuters) – Indonesian annual economic growth likely slowed to its weakest in more than a year in January-March and shrank on a quarterly basis as lower commodity prices hit exports and higher interest rates restricted domestic demand, a Reuters poll found. Southeast Asia’s largest economy grew 4.95% in the first quarter from […]
Read MoreThailand’s economy is expected to grow 3.0% to 3.5% this year, a leading joint business group said on Wednesday, unchanged from a previous forecast as the tourism sector gathers steam and exports remain weak. Exports are still projected to show zero to 1% growth in 2023, while the number of foreign tourist arrivals should reach 30 […]
Read MoreCambodia exported bicycles worth $ 278 million to foreign markets in the first quarter of 2023, a year-on-year increase of nearly 20 percent, the Ministry of Commerce said in a report on Tuesday. Ministry of Commerce’s Undersecretary of State and spokesman Penn Sovicheat said Made-in-Cambodia bicycles had been exported to the European Union, the United […]
Read MorePETALING JAYA: Malaysia should expect another overnight policy rate (OPR) hike coming ahead for the economic sector due to inflation, says Hong Leong Investment Bank (HLIB) Research. Despite the ongoing banking stress, it is expected that the federal government will deliver another interest rate increase as inflation remains stubbornly high. HLIB Research also foresees that […]
Read MoreTHAILAND’S headline inflation dropped to its lowest in 16 months in April thanks to lower energy and food prices and a high base in 2022, the commerce ministry said on Wednesday (May 3). The headline consumer price index (CPI) rose 2.67 per cent in April from a year earlier, close to a rise of 2.70 […]
Read MoreTHE government’s budget deficit rose to P210.3 billion in March following a double-digit revenue drop, Treasury bureau data showed on Tuesday. Spending also fell, by 2.62 percent, but earnings plunged by nearly 12 percent, leading to a shortfall 12.04 percent higher compared to year-earlier P187.7 billion. Year to date, the budget gap rose to P270.9 […]
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