PRIVATE consumption, which contributed 58.2% to gross domestic product (GDP) in 2022, is expected to moderate this year but will remain resilient despite cost of living pressures and external challenges. Personal spending will be aided by, among other factors, the recovery in the labour market, gradual return of Chinese tourists and government support measures. In […]
Read MoreLarge foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services. HÀ NỘI — Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services. United Overseas Bank Limited (UOB) […]
Read MoreJakarta (ANTARA) – Indonesia has huge opportunities in producing experts in the fields of electricity, industrial automation, and renewable energy through vocational education, the Education, Culture, Research, and Technology Ministry said. “The 4.0 revolution in the global industry will create high demand for electrical, industrial automation, and renewable energy experts,” the ministry’s secretary, Saryadi, remarked […]
Read MoreCambodia’s agro-industry development may focus on setting up the northeastern provinces as the country’s fifth economic pole to promote the conversion of raw agricultural materials into value-added products and stimulate economic growth. This was revealed by Prime Minister Hun Sen in a closing annual meeting on reviewing works in 2022 and set objectives in 2023 […]
Read MoreIf inflation eases MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to reduce the level of deposits banks are required to keep with the central bank if inflation further eases in the next two months, Dutch financial giant ING Bank said. ING senior economist Nicholas Mapa said the central bank’s Monetary Board […]
Read MoreKUALA LUMPUR: Malaysia’s economic performance is anticipated to normalise in the first quarter of 2023 (1Q23), with external trade being the main growth driver for gross domestic product (GDP). Malaysia University of Science and Technology economics professor Geoffrey Williams and HELP University economist Paolo Casadio, in a joint response to StarBiz, said they expect GDP […]
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Thailand
