Brunei Darussalam’s economy is projected to grow by 3.2 per cent in 2023 and also 3.2 per cent next year aided by investments in the fertiliser industry and higher oil and gas prices due to the war in Ukraine. The Sultanate has expanded its fertiliser, oil and gas, and petrochemicals production capacity aggressively in recent […]
Read MoreLaos registered a trade deficit of US$17 million in April, according to official statistics released on Tuesday. Imports and exports during the fourth month of the year totalled US$ 947 million. Exports hit US$465 million, while imports touched approximately US$482 million, according to figures from the Lao Trade Portal of the Ministry of Industry and […]
Read MoreIndonesia’s economy in the first quarter (Q1) of 2023 grew by 5.03 per cent year-on-year (YoY). The manufacturing sector, which had a dominant contribution, grew by 4.43 per cent, as per Statistics Indonesia. The structure of Indonesia’s gross domestic product (GDP) in Q1 2023, on the production side at the current prices, did not show […]
Read MoreAs the general election draws near, implementing collection of a new tax is an extremely sensitive issue and almost unheard of as a political tactic. Given this backdrop, the Revenue Department sidestepped concerns last week that it is considering a new departure tax on outbound travellers, based on a 40-year-old “emergency decree”. The department confirmed it […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas (BSP) keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March. Chua Han Teng, economist at DBS, said […]
Read MoreThe Securities and Exchange Regulator of Cambodia (SERC) expects to formally authorise real estate investment trusts (REIT) within the year, in a move to boost the real estate and construction sectors, which have attracted a flurry of investment in recent years, according to its director-general Sou Socheat. A REIT is an investment vehicle that operates […]
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Thailand
