Cambodia’s economy will recover from last year’s 3.1 percent contraction this year and strengthen even further in 2022, according to Fitch Solutions. It forecasts real gross domestic product (GDP) of 2.5 percent in 2021 and 4.7 percent in 2022. “Our forecast continues to reflect the poorer prospects for services growth amid the country’s protracted struggle […]
Read MoreVietnam may gain $6 billion from garment and textile exports in November and December, totaling $38 billion in this year’s turnover, stated Vietnam Textile and Apparel Association (VITAS). Thanks to loosened social distancing in October, the country’s garment and textile production, especially in Ho Chi Minh City and other southern localities, quickly recovered, with over […]
Read MoreThailand’s GDP is expected to grow by 1.2% by the end of this year after the country reopened to foreign visitors this month, Finance Minister Arkhom Termpittayapaisith said. Speaking at a seminar held by the Thai Chamber of Commerce yesterday, Mr Akrhom said the economy is predicted to grow by 1.1-1.2%, higher than an earlier […]
Read MoreKUALA LUMPUR, Nov 22 — The ringgit opened lower against the US dollar on Monday as the greenback continues to strengthened amid concerns of growing inflation, coupled with lower oil price, a dealer said. At 9am, the local note weakened to 4.1870/1895 versus the greenback from 4.1810/1850 at Friday’s close. The dealer said encouraging United […]
Read MoreMANILA, Philippines — Bank lending is seen picking up further amid the gradual reopening of the economy as mobility restrictions are eased with the steady decline in daily COVID infections, according to the Bangko Sentral ng Pilipinas. BSP managing director Zeno Ronald Abenoja said, during a virtual media lecture series, that household loans are expected […]
Read MoreRISING construction costs continue to be the biggest risk faced by Singapore’s real estate market, followed by increasing inflation and interest rates. This is according to the Q3 2021 Real Estate Sentiment Index published by the National University of Singapore Real Estate (NUS+RE), which represents the Department of Real Estate and the Institute of Real […]
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