PETALING JAYA: An uneven global economic slowdown is seen in the second half of 2023 (2H23) with a recession in the United States likely in the fourth quarter (4Q23), according to CGS-CIMB Research. It expects China to see a soft rebound, while the European Union may fare better than previously expected although Germany had already […]
Read MorePETALING JAYA: Malaysia’s industrial output contracted in April amid the deterioration in export-oriented industries and slower domestic economic growth. According to the Statistics Department, the country’s industrial production index (IPI) fell 3.3% year-on-year (y-o-y) in April 2023, after growing 3.2% y-o-y in the preceding month. The decline in the April IPI was driven by contraction […]
Read MorePrivate sector is playing a key role in the digital transformation of the economy and society in Cambodia besides creating jobs, said Sok Puthyvuth, Secretary of State, Ministry of Post and Telecommunications, recently. While giving the keynote address at TechFin Future Conference 2023, organized by the Indian Chamber of Commerce (InCham) in Cambodia, recently, Puthyvuth […]
Read MoreMANILA, Philippines — The Philippines’ average gross domestic product (GDP) growth may drop below five percent in the second half due to higher interest rates, according to Japanese financial giant Nomura. Nomura economist for ASEAN Euben Paracuelles and analyst Rangga Cipta said the Philippine economy may grow by an average of 4.9 percent in the […]
Read MoreXinhua – On June 2, the day the Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines, Chizhou Customs in east China’s Anhui Province issued an RCEP Certificate of Origin for a batch of goods exported to the Southeast Asian country. With that piece of paper, Anhui Xingxin New Materials Co., Ltd. saved $3,937.28 […]
Read MoreIn 2013, President Xi Jinping announced an initiative for China to work with Asean countries for a 21st century Maritime Silk Road to build a closer China-Asean community with a shared future. For a decade, China and Southeast Asia have enjoyed growing connectivity, deepening economic integration and robust business ties. Since 2020, Asean has surpassed the […]
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Thailand
