KUALA LUMPUR: Malaysia’s socio-economic landscape was devastated in 2020, as every state in the country posted negative economic growth as a result of the Covid-19 outbreak, said the Statistics Department. Nevertheless, eight states still managed to perform better than the 5.6% gross domestic product (GDP) contraction recorded at the national level. These states are Labuan, […]
Read MoreNearly half of businesses expect normal Thai life to resume in the first quarter of next year, according to a Bank of Thailand survey. The business sentiment index, which was conducted from July 1-22 on 260 businesses of all sizes, found 45% of respondents expect public confidence in spending life outside the home, including travelling […]
Read MoreRecord-high sea freight rates have seen shipping companies produce positive second-quarter earnings reports. The VN-Index gained 41.22 points last week, or 3.25 per cent to close at 1,310.05 points after three consecutive weeks of decline. Total trading value on the Ho Chi Minh Stock Exchange (HOSE) fell 7.3 per cent to VND84.9 trillion (US$3.7 billion). […]
Read MoreThe streets of Cambodia’s major cities may be full of huge, gas-guzzling, environment-destroying sports utility vehicles and trucks that only go off road when their owners park them on the pavement, but a growing number of electric vehicle manufacturers are eyeing the Kingdom as an opportunity to sell – or rent – a greener alternative. […]
Read MoreMANILA, Philippines — The projected speed bump in the economic recovery in the third quarter arising from the reimposition of a strict lockdown in the National Capital Region (NCR) is likely to prompt the Bangko Sentral ng Pilipinas (BSP) to keep interest rates at record lows. ING Bank Manila senior economist Nicholas Mapa said the […]
Read MoreThailand and Australia have agreed to pursue a strategic economic partnership to boost bilateral trade and investment, with the deal expected to be signed next year. Speaking after a teleconference with Dan Tehan, Australia’s minister for trade, tourism and investment, Commerce Minister Jurin Laksanawisit said Australia is keen to forge a strategic economic partnership with […]
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