Amidst the turbulence in the world economy due to inflation, soaring energy prices, supply chain disruptions and the ongoing US-China competition, the challenges facing Southeast Asia are becoming increasingly complex with each passing year. But the region’s confidence in ASEAN’s leadership in global free trade soared from 15.5 percent in 2022 to 23.5 percent in […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to hit 8.4% in 2022 compared with 3.1% in 2021, marking the highest growth among Asean countries, according to Bank Islam Malaysia Bhd. The GDP growth for the fourth quarter of 2022 is expected to reach 5.7%. Bank Islam chief economist Firdaos Rosli said this would […]
Read MoreThe China-Laos-Thailand round-trip train, an extension of the China-Laos Railway, was successfully launched on Tuesday. The new efficient, stable cold chain channel is expected to inject new impetus into trade between China and member states of the Association of Southeast Asian Nations. The train, which runs between Kunming, Yunnan province, and Bangkok, Thailand, consists of […]
Read MoreKUALA LUMPUR: Inflation differs in various economies but in the Asean region it is expected to moderate and improved faster than the developed economies, said an economist. ANZ Bank chief economist (Southeast Asia and India) Sanjay Mathur said inflation in the region was seen more as a result of a commodity price shock, and not […]
Read MoreTrucks loaded with Vietnamese durians lined up for customs inspections recently at the China and Vietnam Youyi Pass, a border crossing located in a natural gap between a series of steep cliffs and hills covered in conifers and bamboo on the border of the two countries. The Chinese flag fluttered in the breeze, and red […]
Read MoreTOKYO: Asia’s factory activity contracted in January as the boost from China’s Covid reopening had yet to offset headwinds from slowing US and European growth, surveys show, underscoring the fragility of the region’s economic recovery. A private sector survey showed that China’s factory activity shrank more slowly in January after Beijing lifted tough Covid curbs […]
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Thailand
