KUALA LUMPUR, Jan 22: Malaysia’s economy will continue to strengthen between March to May 2018 given that the Leading Index (LI) and the Coincident Index (CI) improved in November 2017, the Department of Statistics (DoS) said. The LI, which monitors the economic performance in advance, registered a growth of one per cent to 121.3 points in […]
Read MoreThe government has eyed a 3 percent inflation rate in 2020, in order to keep the rate low to help purchasing power, improve living standards and encourage sustainable development. “The inflation rate for 2020 is [targeted] at three, plus and minus 1 percent. Indonesian inflation has been declining every year,” Coordinating Economic Minister Darmin Nasution […]
Read MoreMANILA, Philippines — The Department of Finance on Tuesday said it expects the economy to grow faster in 2018 despite firming up below market expectations in the fourth quarter of 2017. The country’s gross domestic product — or the value of all finished goods and services produced in the country — grew 6.6 percent in […]
Read MoreThe new double-taxation agreement between Thailand and Cambodia officially took effect on Jan 1 for withholding tax and corporate income tax. The two countries only signed the agreement on Sept 7 last year but rushed to complete the ratification process on Dec 26. This super-fast track is a part of a consolidated strategic action plan […]
Read MoreThailand finished last year with export growth of 9.9%, the highest in six years, propelled by higher purchases from key trading partners, especially the US, EU, Asean and China. The Commerce Ministry reported Monday that the country’s whole-year shipments totalled US$237 billion (7.5 trillion baht). By contrast, exports in 2016 rose only 0.50% year-on-year. Imports […]
Read MoreThe Philippines retained its position as one of the world’s fastest-growing economies with growth of more than 6% for a sixth consecutive year, fuelling calls for the central bank to start raising interest rates to keep inflation under control. Gross domestic product increased 6.7% in 2017, the Philippine Statistics Authority said in Manila on Tuesday, […]
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