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Philippines: GDP grows at better-than-expected 6.9% in Q3

MANILA, Philippines — The domestic economy expanded at a better-than-expected pace of 6.9 percent in the third quarter, likely the second fastest in Asia during the period, the National Economic and Development Authority (NEDA) said yesterday. Growth in gross domestic product (GDP) – the total value of goods and services produced during the period – […]

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Cambodia: Sector hopeful about growth of duty-free

The Cambodian duty-free retail market is projected to expand to $36.28 million by the end of 2022, a noticeable jump from its value of $24.57 million last year, according to a new report titled Cambodia Duty Free Retailing Market 2017-2022 published by Aarkstore Enterprise yesterday. The report predicted that the compound annual growth rate over […]

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Singapore suspends trade relations with North Korea

SINGAPORE, Nov 17: Singapore has suspended trade relations with North Korea, the latest of Pyongyang’s major trade partners to cut commercial ties under toughening UN sanctions over its weapons programme, a customs notice obtained on Thursday (Nov 16) showed. The move comes about two months after the United States imposed North Korea-related sanctions on a number of […]

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Malaysia: Tap new opportunities, SMEs urged

KUALA LUMPUR: The Prime Minister wants at least 10,000 small and medium enterprises to take part in Chinese e-commerce giant Alibaba’s Singles Day sale and Malaysia Week online promotion next year. Datuk Seri Najib Tun Razak said local SMEs should tap new opportunities to expand their markets, following the rollout of the Digital Free Trade […]

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Bank Indonesia Keeps Benchmark Rate at 4.25 Percent

TEMPO.CO, Jakarta – Bank Indonesia (BI) has decided to keep BI 7-day Reverse Repo Rate unchanged at 4.24 percent, whereas the deposit facility rate and lending facility rate are also kept at 3.50 percent and 5.00 percent, effective from November 17. “The decision is consistent with the efforts to maintain macroeconomic stability and financial system stability, as well as […]

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