Indonesia posted an economic growth rate of 5.03% in the first quarter of 2023 thanks to improved consumption and increase public spending despite a slowdown in the global economy, according to Statistics Indonesia (BPS). Jakarta (VNA) – Indonesia posted an economic growth rate of 5.03% in the first quarter of 2023 thanks to improved consumption and increase public […]
Read MoreMANILA, Philippines — Bank lending continued to grow in March, albeit at a slower pace as loan growth is expected to soften because of the Bangko Sentral ng Pilipinas’ interest rate hikes that were meant to fight inflation. Excluding lending among each other, outstanding loans of universal and commercial banks advanced 10.1% year-on-year in March. This was […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code payment linkage. The linkage enables Indonesians and Malaysians to make instant retail payments in both countries by scanning the Quick Response Code Indonesian Standard (QRIS) or DuitNow. The launch follows the successful […]
Read MoreMANILA, Philippines (Updated, 11:03 a.m.) — Unemployment fell in March, while the quality of jobs improved as the labor market tries to recover amid a reopened economy. Results of a nationwide survey of 11,093 households showed there were 2.42 million Filipinos who were either jobless or out of business in March, lower than 2.47 million unemployed persons recorded in February, the […]
Read MoreANN/THE STRAITS TIMES – Retail sales in Singapore rose for the second straight month in March, although at a slower pace year on year. Most industries saw bigger takings at the till. Economists see retail sales slowing further this quarter, but it could accelerate in the second half of the year. Sales climbed 4.5 per […]
Read MoreRecent electricity retail hike of 3 per cent will likely have a small effect on the country’s CPI in the short run, according to the Ministry of Finance. HÀ NỘI – The recent electricity retail hike of 3 per cent will likely have a small effect on the country’s CPI in the short run, according […]
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