CNA – Singapore does not expect its economy to slip into a recession or stagflation next year, said Minister of State for Trade and Industry Alvin Tan in Parliament yesterday, although he warned that globally, “significant” headwinds remain. So far this year, local economic activity has remained “resilient” despite rising inflation, he added in a […]
Read MoreThe Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern countries. Jakarta (VNA) – The Agreement on the Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern […]
Read MoreCambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer Times reports that the “Cambodia My 2nd Home” program has been exclusively launched by the Khmer Home Charity Association with full authorization from the Ministry of Interior, with the goal of promoting […]
Read MorePETALING JAYA: Another round of spike in borrowing cost is anticipated when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. Economists are expecting a 25-basis-point (bps) hike in the overnight policy rate (OPR) to 2.25% at the July 6 meeting. This would be the first consecutive rise in the OPR in more than […]
Read MoreSINGAPORE – Singapore’s economy will grow less this year than previously estimated and may expand at a much slower pace in 2023, said a report by the Asean+3 Macroeconomic Research Office (Amro). The Republic’s gross domestic product (GDP) will increase by 3.9 per cent in 2022 after advancing by 7.6 per cent a year earlier, […]
Read MoreMANILA, Philippines (Updated, 10:57 a.m.) — Inflation quickened at a pace not seen in over three years in June, a development that would likely prompt the Bangko Sentral ng Pilipinas to be more aggressive in taming prices as Filipinos tighten their belts. At a news briefing on Tuesday, the Philippine Statistics Authority reported that inflation, as measured […]
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Thailand
