PETALING JAYA: Uncertainties in the global landscape might curb the upward momentum of Malaysia’s recent external trade performance, according to AmBank Research. External trade continued to show robust growth in August, as overall trade surged by 56.7%, thus bringing total trade to RM265.7bil. The strong trade data was supported by robust exports, which grew by […]
Read MoreThe Ministry of Public Works and Transport on Wednesday launched an initiative to improve transport, connectivity, climate resilience, and east-west regional trade across the north of the country. The Southeast Asia Regional Economic Corridor and Connectivity Project is backed by World Bank financing and is designed to help people in the northern provinces benefit from expanding regional […]
Read MoreDomestic car sales surged 61.72% in August from a year earlier to 68,208 units, helped by an easing of Covid-19 curbs and a low baseline last year, the Federation of Thai Industries (FTI) said on Thursday. That compared with July’s 22.1% year-on-year rise. In the January to August period, car sales rose 19.61% from a year […]
Read MoreMANILA, Philippines — Moody’s Analytics slashed its 2022 gross domestic product (GDP) growth target for the Philippines to 6.8 percent from the original target of 7.2 percent as high interest rates and slower global growth challenge Asia-Pacific economies. In a report, Steven Cochrane, chief economist at Moody’s Analytics, said the regional economy is being tested. […]
Read MoreVietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment. Vietnam’s strong economic fundamentals are driving an economic rebound which maintains its favorable economic outlook for the country with an expansion rate of 6.5% in 2022 and 6.7% in 2023, according to ADB. ADB Country […]
Read MoreThe Asian Development Bank (ADB) has revised down projection of Cambodia’s Gross Domestic Product Growth to 6.2 percent this time for 2023 from 6.5 percent forecasted earlier as the country’s economy would be affected by weaker global economic growth, according to a news release received by Khmer Times from ADB yesterday. However, the Asian Development Outlook Update […]
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