HSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%. According to the lender, the growth of this year still benefits from the advantages in Vietnam’s post-pandemic reopening, but challenges will have heavier impacts on the country next year, especially when […]
Read MorePETALING JAYA: Inflationary pressures are expected to normalise further, continuing a downtrend seen in Malaysia’s headline inflation figures after peaking at 4.7% in August 2022. However, the unpleasant news is that domestic inflation is likely to remain above a level which economists and Bank Negara consider as “elevated.” Based on a poll by Reuters, economists […]
Read MoreSINGAPORE – 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 […]
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