MANILA, Philippines — The value of the country’s digital economy went up by 11 percent in 2022, but its contribution to the gross domestic product (GDP) declined, according to the Philippine Statistics Authority (PSA). Data from the PSA showed the digital economy hit P2.08 trillion last year, higher than the P1.87 trillion in 2021. While […]
Read MoreAverage household debt for workers has hit the highest level in 14 years, attributed to durable goods purchases, investment to create income and daily expenses. However, there are signs the proportion of consumers’ unorganised loans, or borrowing from loan sharks, is beginning to decrease, according to the latest survey by the University of the Thai Chamber […]
Read MoreKUALA LUMPUR: The Producer Price Index (PPI) for local production, which measures prices of goods at the factory gate, declined further to – 2.9 per cent in March 2023 as against – 0.8 per cent in February 2023, the Department of Statistics Malaysia (DoSM) said. In a statement today, chief statistician Datuk Seri Dr Mohd […]
Read MoreTHOUGH economic conditions have become gloomier, firms should press on with transforming for productivity, said Singapore National Employers Federation (SNEF) president Robert Yap in his May Day Message on Thursday (Apr 27). He noted that while Singapore’s economic growth and labour market improved – employment grew while unemployment and retrenchment fell – in 2022, productivity […]
Read MoreBrunei Darussalam saw an increase of 7.9 per cent year-on-year in total trade from BND2,287.5 million in January 2022 to BND2,469 million in January 2023, according to the Department of Economic Planning and Statistics’ International Merchandise Trade Statistics report for January 2023. The rise was primarily contributed by an 20.8-per-cent increase in export value from […]
Read MoreThough Thai exports fell for a sixth consecutive month in March and the global economy remains sluggish, the Commerce Ministry remains confident shipments can meet the growth target of 1-2% this year. According to Deputy Commerce Minister Sinit Lertkrai, the export trend for the second quarter began negatively, but the contraction rate is decreasing and should turn […]
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