KUALA LUMPUR (Nov 29): DBS Group Research said it expects Singapore’s economic growth momentum to slow further in 2023. In an economics and strategy note on Singapore’s 2023 outlook, DBS Research said growth in the fourth quarter could potentially fall below 2% year-on-year (y-o-y), with risk of another sequential decline due to further drag from […]
Read MoreMANILA, Philippines — The Philippine economy may grow above seven percent this year before slowing down significantly next year amid major external headwinds, according to S&P Global Ratings. In a report, the debt watcher raised its gross domestic product (GDP) growth forecast for the Philippines to 7.1 percent from the original target of 6.3 percent […]
Read MoreMany Vietnamese businesses have boosted foreign fundraising to cope with their capital shortage amid the country’s tightened monetary policy. In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local reputable enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial […]
Read MoreKUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil. Malaysia’s total trade in October jumped 21% to RM245.2bil. The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), […]
Read MoreThe business-to-business-to-customer (B2B2C) e-commerce platform has gained support from local small and medium enterprises and consumers ever since it was launched in April this year. Penn Sovicheat, Under-secretary of state and spokesman at the Ministry of Commerce, said on Monday transactions at the e-commerce platform via CambodiaTrade.com have remarkably increased. “The trading activities of CambodiaTrade […]
Read MoreJAKARTA: Indonesia’s public works ministry on Monday proposed around 12.7 trillion rupiah ($807.68 million) in extra funds over the next two years to speed up construction of the country’s new capital city on Borneo island. If approved by the finance ministry, the public works ministry will see a 30% rise to around 55.7 trillion rupiah in […]
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Thailand
