PETALING JAYA: The local economy received its much needed reprieve when the consumer price index (CPI) showed signs of cooling in May. Headline inflation rose at a slower rate of 2.8% year-on-year or y-o-y (April: 3.3%) and core inflation eased slightly to 3.5% y-o-y (April: 3.6%) last month. While this bolsters hopes that the monetary […]
Read MoreECONOMISTS warned of a heightened risk of a technical recession in the first half of 2023, as factory output contracted by 10.8 per cent on year in May, worse than Bloomberg’s median forecast of a 7.3 per cent drop. Electronics continued to disappoint. Marking eight straight months of decline, the fall in Singapore’s manufacturing output […]
Read MoreMANILA, Philippines — The tourism comeback is expected to be a significant growth driver for the Philippines this year, according to S&P Global Market Intelligence. In a report released yesterday, S&P Global Market Intelligence Asia-Pacific chief economist Rajiv Biswas said the easing of pandemic-induced travel restrictions last year has allowed a gradual reopening of both […]
Read MoreThe performance of Thai corporations should gradually improve this year as the domestic economy recovers and inflationary pressures ease, according to analysts at Fitch Ratings’ 2023 Thailand Corporate Credit Outlook & Asean ESG conference in Bangkok recently. Lertchai Kochareonrattanakul, senior director of corporates at Fitch Ratings (Thailand), said in his presentation that a pick-up in domestic demand and […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) will offer Cambodia new avenues for economic growth, a legal luminary has opined. Dr Sok Siphana, Managing Partner of Sok Siphana and Associates as well as one of the leading authorities on Cambodia’s legal system, international relations and economy, made the observation while delivering the keynote address at the […]
Read MoreThe number of foreign visitors to Vietnam is predicted to see a 1.5-fold increase following the extension of tourist e-visas from 30 to 90 days from August 15, according to insiders. It is part of the Law on amendments and supplements to a number of articles of the Law on the Exit and Entry of […]
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