PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has lowered its gross domestic product (GDP) growth forecast to 3.9% on-year, which is lower than its previous review of 5.1% due to the contraction in private consumption following the strict lockdown measures. In its report yesterday, MARC said its earlier January 2021 GDP growth forecast for Malaysia […]
Read MoreThe worsening Covid-19 situation in Thailand has led the Tourism and Sports Ministry to reconsider the country’s reopening strategy, admitting some target destinations are still marred by soaring infections. However, the ministry insists on reopening Bangkok by this year as the capital is the heart of the tourism industry in Thailand. “With more than 9,000 […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects the cost of food and transportation to rise in July due to price hikes in the international market, but supply stability and energy innovation should hold off rates from skyrocketing any further. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said inflation the […]
Read MoreTHE successful adoption of the Industry 4.0 technologies, and the development of a higher skilled workforce, are key to advancing Singapore’s goals of becoming the global innovation and talent hub for advanced manufacturing, said Manpower Minister Tan See Leng at a doorstop visit on Wednesday. To help companies achieve this, Dr Tan highlighted the few […]
Read MoreKUALA LUMPUR: Mean monthly salaries and wages fell 9% to RM2, 933 in 2020 from RM3, 224 in 2019 due to the fallout from the Covid-19 pandemic, strict restrictions and health crisis, the Statistics Department said. In its Statistics of Salaries and Wages, Malaysia, 2020 Report released yesterday, the department said the decline was the […]
Read MoreThe newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy. A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and […]
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