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Growth forecast for Asean+3 shaved down to 4.3%: Amro

THE Asean+3 Macroeconomic Research Office (Amro) has shaved down its short-term growth forecast and raised its 2022 inflation forecast for the Asean+3 region, reflecting stronger headwinds from the war in Ukraine and tighter global financial conditions. In its July quarterly update, Amro forecast that the Asean+3 region will grow by 4.3 per cent, down from […]

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‘Philippines to lead ASEAN in growth this year’

MANILA, Philippines — The Philippines is expected to post the strongest economic growth in Southeast Asia this year as domestic demand continues to recover even amid rising inflationary pressures. GlobalData, a leading data and analytics company in the UK, said gross domestic product (GDP) in the country would likely grow seven percent this year from […]

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RCEP deepens China-ASEAN economic and trade cooperation

Since the RCEP came into effect, it has brought great benefits to enterprises, founded on the reduction of import costs and the increase of export opportunities after tariff reductions. Over 90% of goods traded will eventually become tariff-free Xinhua – On May 27, a cargo ship loaded with Malaysian manganese ore arrived at Beibu Gulf Port […]

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