SINGAPORE (XINHUA) – Singapore’s Ministry of Trade and Industry announced yesterday based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 per cent year on year, compared to the 0.7 per cent growth in 2019. For the fourth quarter of 2020, Singapore’s economy contracted by 3.8 per […]
Read MoreThe National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. Consumer loan balances, as of September 2020, stood at $9.11 billion, according to Credit […]
Read MoreKUALA LUMPUR: After an eventful 2020 which pushes the global economy towards recession, including Malaysia, the after-effects are expected to be shallow this year as the economy makes a come back. Maybank Investment Bank Bhd (Maybank IB) chief economist Suhaimi Ilias said that Malaysia was expected to record a gross domestic product (GDP) growth of […]
Read MoreMANILA, Philippines (UPDATE 12:25 p.m., Jan. 5) — Consumer prices accelerated for the third straight month in December, stoking worries that a projected recovery from the pandemic this year would be hampered by rising prices which nonetheless ended 2020 at a manageable level. Inflation, as measured by consumer price index, hit 3.5% year-on-year last month, the fastest in […]
Read MoreSINGAPORE’S electricity demand is expected to have declined by 2 to 4 per cent in 2020 during the Covid-19 pandemic, Second Minister for Trade and Industry Tan See Leng said in Parliament on Tuesday. However, electricity demand is expected to rebound as the economy recovers and grows and is driven by new users such as […]
Read MoreThe Hanoitimes – Vietnam’s effective containment of Covid-19 is seen as a major factor to boost retail sales during final months of the year. Total retail sales of consumer goods and services in Vietnam reached an estimated VND5,059.8 trillion (US$219.53 billion) in 2020, up 2.6% against last year, according to the General Statistics Office (GSO). “Such […]
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Thailand
