SINGAPORE – Singapore’s manufacturing output shrank at a faster rate in November, down 3.2 per cent from a year earlier, according to data released by the Economic Development Board on Friday. The figure was worse than the 1.1 per cent drop economists had forecast in a Bloomberg poll. The fall in November extended the decline in […]
Read MoreJakarta (ANTARA) – Head of the Research Center for Macroeconomics and Finance of the National Research and Innovation Agency (BRIN), Zamroni Salim, has projected that Indonesia’s economy will grow well in the range of 4.9–5.2 percent in 2023. “In facing the uncertain global economy in 2023, BRIN predicts Indonesia’s economy can still grow well,” he […]
Read MoreEnforcement of the financial transaction tax could give foreign investors a reason to exit the Thai stock exchange and focus on other bourses, according to investment analysts. The tax on securities trades, which comes into effect next year, could drive foreign traders away as the levy lowers the liquidity of the Thai market, they said. […]
Read MoreAmid a significant pickup in the trade and economy in Cambodia, the current account deficit, which is more imports and less of exports, is expected to improve, but it may remain high in 2022 at 35.1 percent of the gross domestic product (GDP), says the AMRO’s 2022 Annual Consultation Report on Cambodia. For 2022, exports […]
Read MorePETALING JAYA: The consumer sector will continue its sturdy performance with resilient domestic demand and improvements in supply chain that will ease restocking activities. There is also margin stabilisation with commodity prices trending down post-price hikes implemented in 2021 to 2022. Companies that are able to pivot and provide better convenience to customers will have […]
Read MoreThe Tourism Authority of Thailand (TAT) forecasts domestic tourism to tally 3.14 million trips during the New Year holiday, generating 11.2 billion baht, with the northern region posting the highest occupancy rate at 78%. The countdown celebrations in 12 provinces are poised to stimulate 4.21 billion baht for the local economy, said the agency. Yuthasak Supasorn, […]
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