MANILA, Philippines — The Asian Development Bank (ADB) remains optimistic on Philippine economic growth this year as it sticks to its gross domestic product (GDP) and inflation forecasts, despite the continued depreciation of the local currency and damage caused by Super Typhoon Karding. “We are not looking at any significant changes to the outlook that […]
Read MoreIt’s fair to say there exists a level of social and economic inequality within Asean. Following the 1997 Asian financial crisis that exposed Asean’s vulnerability to cross-border capital flows, the region has undergone a significant transformation, from a bloc of mostly underdeveloped and developing countries to one with the world’s most dynamic economies collectively. However, rapid […]
Read MoreTaxpayers and tax practitioners in the country have been caught in the middle for the last couple of months with the Kingdom now following two official foreign exchange rates – one fixed by the National Bank of Cambodia (NBC) and the other by the General Department of Taxation (GDT). Though the two official rates for […]
Read MoreJPMorgan analyst expects 20 percent of iPad, 5 percent of MacBook, 20 percent of Apple Watch and 65 percent of AirPods production to be located in Vietnam in 2025. Viet Nam is emerging as the production hub for components (camera modules) and electronic manufacturing services (EMS) of smaller-volume products (Apple Watch, Mac, iPads) and is already […]
Read MoreThe Bank of Thailand (BoT) is ready to adjust the pace of tightening monetary policy if needed and would be prepared to hold an off-cycle meeting if necessary, the central bank chief said on Thursday. On Wednesday, the central bank raised its key interest rate by a quarter point at its regular meeting to 1.00% to […]
Read MoreKUALA LUMPUR: Malaysia’s tourism industry generated RM197.9 billion of “gross value-added of tourism industries” (GVATI), contributing 12.8 per cent to the gross domestic product (GDP) in 2021, compared to 14.1 per cent in 2020, according to the Department of Statistics Malaysia (DOSM). GVATI is the difference between total output and total intermediate consumption of the […]
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