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Indonesian vehicle market up 29% in July

Indonesia’s new vehicle market surged by over 29% to 86,256 units in July 2022 from 66,639 units a year earlier, according to member wholesale data compiled by industry association Gaikindo. The vehicle market last month continued to rebound from the 10% decline in May, when activity was held back by the annual Eid holidays, and […]

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Malaysia: GDP momentum to remain positive this year

PETALING JAYA: Malaysia’s economy is projected to grow at 5.7% to 6.5% this year, with at least another 25 basis point (bps) hike in the overnight policy rate (OPR) amid higher inflationary pressures. The projection by economists of gross domestic product (GDP) growth is higher than Bank Negara’s forecast growth range of 5.3% to 6.3% […]

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Thai economy to continue growing despite weaker-than-expected Q2: central bank

DESPITE a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank’s forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]

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Vietnam’s economy a bright spot amid regional volatility and inflation risks: Moody’s

DESPITE a moderation in Vietnam’s July exports this year, Moody’s Analytics is positive on the country’s prospects as it remains a beneficiary of investment inflows redirected from policy uncertainties in China. Vietnam is also the only Asia-Pacific (Apac) economy to experience a significant upward revision to GDP (gross domestic product) growth forecasts by Moody’s Analytics, […]

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