Economic recovery momentum during July and August suggests the economy could contract less in the third quarter than the previous period, says the Fiscal Policy Office (FPO). Although economic conditions in August were still sluggish, the recovery momentum continued based on several economic indicators, said FPO adviser Wuttipong Jittungsakul. Private consumption improved through a lower […]
Read MoreKUALA LUMPUR: Malaysia’s trade surplus expanded 19.7% on a year-on-year (y-o-y) basis to RM13.23bil in August as higher exports of electrical and electronic (E&E) and rubber products cushioned the decline in overall exports. Exports fell 2.9% y-o-y to RM79.14bil, according to the Ministry of International Trade and Industry (Miti), which underperformed the median estimate of […]
Read MoreThe Hanoitimes – While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to Vietnam in the first eight months dropped 13.7% year-on-year to US$19.54 billion. At a time when countries around the world are competing for high quality foreign direct investment (FDI) as investors look to diversify their global supply chains, […]
Read MoreComplaints by local workers that they are experiencing a rise in their cost of living have not been confirmed by official data, with surveys stating food, transport and medical costs are stable and the Consumer Price Index projected to increase at a relatively low rate of around 2 percent a year until 2022. The Consumer […]
Read MoreMANILA, Philippines (UPDATE 1 1:06 p.m., Sept. 29) — Around 2 million Filipinos would slide back to poverty this year because of the pandemic, nearly erasing gains over the past 5 years and making a rebound to pre-pandemic growth a struggle for the Philippines. The poverty rate could rise to 20.5% this year and 22.4% next year from the official 16.7% […]
Read MoreThe coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank said in an economic update on Monday. The bank said the region […]
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Thailand
