PETALING JAYA: The sharp improvement in Malaysia’s gross domestic product (GDP) for the third quarter has led to optimism of growth in the fourth quarter, although this could now be slower than initially expected with the resurgence of Covid-19 cases. Kenanga Research said Bank Negara still has room to lean towards further monetary easing in […]
Read MoreThailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is the NESDC projecting the global economy […]
Read MoreThe big news on the sidelines of the closing session of the annual meeting of the 10-nation Association of Southeast Asian Nations (ASEAN) last Sunday was the virtual signing of the Regional Comprehensive Economic Partnership (RCEP), resulting in the creation of the largest free trade bloc in the world. It’s considered a powerful trade alliance […]
Read MoreAround 11.4 million households are at risk of falling into poverty from the economic crisis caused by the pandemic, with the unemployment rate rising to 1.9% in the third quarter, says the state planning agency. Jinanggoon Rojananan, deputy-secretary general of the National Economic and Social Development Council (NESDC), said there are 637,000 households dependent on […]
Read MoreRetailers’ preferred solution for empty stores may only be adding to their problems, according to new research and industry executives. Retail chains have announced thousands of closures this year after closing a record number of stores last year, as the pandemic crimps demand for nonessential items and shopping continues to migrate online. The hope is […]
Read MoreSINGAPORE logistics firm YCH Group is joining forces with VIetnam’s T&T Group to lead the first project of the Asean Smart Logistics Network (ASLN). The ASLN is a new collaborative platform with a shared goal of smart and sustainable growth based on smart logistics infrastructure. Its aim is to support the Asean Connectivity Master Plan […]
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