Cambodia has the potential to scale up investment in renewable energy and energy efficiency using its abundant solar energy resources, according to observations in the Asian Development Bank’s Asian Development Outlook (ADO) in April 2023. “Scaling up green investment in priority sectors would help Cambodia unlock its long-term growth potential. The government is committed to […]
Read MoreMANILA, Philippines — Inflation likely stayed above seven percent in April, way above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to economists. ANZ Research chief economist Sanjay Mathur, economist Debalika Sarkar, and senior strategist Irene Cheung said inflation last month further eased to 7.3 percent from a […]
Read MoreSingapore is expected to post slower economic growth this year, but it “should avoid an outright contraction,” Singaporean Prime Minister Lee Hsien Loong (李顯龍) said yesterday. The Southeast Asian city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world. The […]
Read MoreTotal exports value increased by 10.1 per cent in fourth quarter (Q4) 2022, due to a rise in the exports unit value index by 23.1 per cent which was mainly contributed by index of beverages (31.0 per cent), mineral fuels (24.1 per cent) and manufactured goods (20.4 per cent). Rising prices of these commodities in […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector continued to face challenging business conditions in April 2023, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) unchanged at 48.8 in April, according to S&P Global. That said, the index was at its joint-highest level since September last year, suggesting a tentative recovery in operating conditions […]
Read MoreThailand’s exports are likely to rise 1% in 2023 and should pick up later in the year, owing to a recovery in China’s economy, the Thai National Shippers’ Council said on Tuesday. Exports, a key driver of Thai growth, were not as weak as expected in the first quarter and should improve in the remaining […]
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