PETALING JAYA: Despite slower expansion of the industrial production index (IPI) for September this year, the gross domestic product (GDP) growth for the third quarter (3Q22) is expected to be stronger than 2Q22 but set to slow down in 4Q22. The domestic economy in 2Q22 expanded by 8.9% year-on-year (y-o-y) from 5% y-o-y in 1Q22. […]
Read MoreBecause of reduced liquidity and lack of cash, many real estate firms have cut wages and the number of personnel. The real estate market has been quiet since the beginning of the year. The situation became even more serious in recent months as the State Bank of Vietnam (SBV) tightened control over lending to the […]
Read MoreThe Thai economy, which is struggling to recover from the impact of the pandemic and the Russia-Ukraine war, likely faces a new slowdown as a global recession is expected next year, says the Federation of Thai Industries (FTI). The group advised the government to continue supporting the economy, although the Thailand Industry Sentiment Index increased in […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Chamber of Commerce and Industry (KADIN) deputy Adi Mahfudz Wuhadji on Wednesday said that mass layoffs can be reduced by putting forth bipartite communication between business owners and workers. This, he said, would enable both parties to collectively understand a company’s limit in paying workers’ wages. “In addition, workers or laborers should also continue […]
Read MoreMANILA, Nov 10 ― Philippine economic growth beat expectations in the third quarter despite soaring inflation, officials said today, spurred by an increase in household spending as people get back to “pre-pandemic life”. Gross domestic product rose 7.6 per cent, beating expectations of 6.3 per cent as well as the seven percent growth seen in […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 5.9 per cent month-on-month (m-o-m) in September 2022. The Department of Statistics Malaysia said that on a year-on-year basis, the output fell by 13.9 per cent. The smallholders sector was the main contributor to production at 87.9 per cent while the estates sector contributed 12.1 per […]
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Thailand
