PETALING JAYA: Personal consumption growth, an important indicator of the strength of the economy, may slow down this year with more interest rate hikes in the offing. Bank Negara had raised its overnight policy rate (OPR) by 100 basis points (bps) last year to 2.75% in a bid to tame inflationary pressures and in line […]
Read MoreMANILA, Philippines — The Philippine economy is expected to grow at a slower pace of six percent this year amid risks such as slower global growth, high inflation and rising interest rates. During a briefing by First Metro Investment Corp. (FMIC), University of Asia and Pacific (UA&P) economist Victor Abola said the economy is expected […]
Read MoreVietnamese purchases of goods online and the value of online orders both increased significantly in 2022, according to market analysis firms. To prepare for the 2023 Tet holiday, Nguyen Thi Ngoc in Thanh Xuan district, Hanoi, has ordered 4 kilograms of maize vermicelli made in Cao Bang and mushroom and bamboo shoots via Postmart, an […]
Read MoreLao Brewery Company has issued a notice stating the need to adjust production costs for the first time in 2023. In a notice to consumers, the company confirmed that it has raised the prices for some of its products from 11 January onwards. This time around, the company provided no explanations for the new price […]
Read MoreIn the third quarter (Q3) of 2022, Brunei Darussalam’s gross domestic product (GDP) by economic activity was mainly contributed by the industry sector which was about 66.4 per cent. This was followed by services sector by 32.5 per cent and agriculture, forestry and fishery sector by 1.1 per cent. The Sultanate’s GDP at current prices […]
Read MoreThe bath strengthened to 33.06 per United States dollar on Friday morning, the highest level in 10 months, according to Kasikorn Research Center (KRC). The Thai currency appreciated from 33.36 to the dollar when the market closed on Thursday, centre’s research executive Kanchana Chokpaisarnsilp said. The stronger baht came after the inflation, measured by the […]
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