SINGAPORE (Jan 12): Consumer spending in Malaysia will post good growth in 2022, with real household spending projected to grow 5.1% year-on-year (y-o-y), according to a UK-based research firm. “This is a notable improvement from the 0.5% growth estimated for 2021, as impacts from Covid-19 continued to weigh on domestic demand,” said Fitch Solutions Country […]
Read MoreMANILA, Philippines — Power generators are assuring the public of enough inventory amid Indonesia’s coal export ban, which is seen to have a short-term impact on the Philippines. In a statement, the Philippine Independent Power Producers Association Inc. (PIPPA) said its member generation companies (gencos) are continuously monitoring the developing concern on Indonesia’s coal export […]
Read MoreVietnam ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, the Ministry of Agriculture and Rural Development (MARD) said. Vietnamese rubber has been present in more than 80 countries and territories, and the sector has penetrated more intensively in major […]
Read MoreThailand’s leading business group said on Wednesday it saw only a limited impact on the country’s economy from the latest coronavirus outbreak driven by the highly transmissible Omicron variant. “We expect the impact from the Omicron variant to be felt in the first quarter of 2022 then economic recovery will continue in the second quarter,” […]
Read MoreMANILA, Philippines — Local car manufacturers failed to hit their sales target last year despite showing signs of recovery, with the industry itself admitting it won’t be business as usual as long as the pandemic drags on. What’s new A total of 268,488 vehicles were sold in 2021, 20% bigger compared with a year ago, […]
Read MoreVietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade. The ministry said major industries including car manufacturing, electronics, textiles and footwear were high on the priority list this year. The objective is to […]
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