MALAYSIA’S economy is likely to have expanded at a faster pace in the second quarter of this year, with expectations that gross domestic product (GDP) growth could exceed the 5 per cent in the first three months of 2022. This is largely due to the country reopening its borders in April and a low-base effect, […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum. The central bank, which had been among Asia’s least hawkish central banks, finally joined most of its peers […]
Read MoreMore coal export bans are coming into place in Indonesia, at a time where demand for the commodity is approaching record highs. Indonesia, the world’s largest coal exporter, is banning 48 miners who have failed to meet their domestic market obligations (DMO). Energy and mineral resources minister Arifin Tasrif revealed yesterday that 71 coal companies […]
Read MoreMANILA, Philippines — Foreign direct investments improved in May as the domestic economy slid into high gear, but warning signs point to a slowdown as global headwinds persist. What’s new Data from the Bangko Sentral ng Pilipinas released Wednesday revealed FDIs recorded a net inflow of $742 million in May, ballooning 64.1% year-on-year. A net […]
Read MoreThe Government has adopted a national action plan on combating money laundering, and financing of proliferation of weapons of mass destruction and terrorism for the 2021-2025 period. The plan aims to build an effective mechanism on prevention of money laundering, financing of proliferation of weapons of mass destruction and terrorism in Vietnam for peace, stability, […]
Read MorePUTRAJAYA, Aug 10 — Malaysia’s labour market saw an increase of 3.2 per cent in jobs or 267,000 jobs in the second quarter of 2022, to record 8.619 million during the period from 8.352 million in the same period last year. The Department of Statistics Malaysia (DOSM) in its Quarterly Employment Survey released today, said […]
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