MANILA, Philippines — The Asian Development Bank (ADB) has raised its gross domestic product (GDP) forecast for the Philippines this year, following the country’s surprisingly strong economic performance in the third quarter, but it expects growth to slow next year. In the ADB’s Asian Development Outlook Supplement for December released yesterday, the multilateral lender said […]
Read MoreWHAT goes up must come down. Broadly, the market expects global inflation levels will be much lower in 2023, as higher interest rates cool consumer demand and tame inflation amid increasing risks of economic recession in advanced economies. The unacceptable and uncomfortable levels of inflation top the list of most worrisome issue confronted by governments, […]
Read MoreVietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO). The office said that the country continues to enjoy a trade surplus that has maintained since 2012 (except for 2015 when the country suffered a deficit of 3.55 billion […]
Read MoreCambodia may soon have an Asean Chamber of Commerce that will provide a platform for businesspeople and professionals from the region living in the Kingdom, apart from local businesses, to exchange ideas and views and also to help the country to attract more Foreign Direct Investment (FDI). This was disclosed to Khmer Times by Eric Lim, the […]
Read MoreBrunei Darussalam Central Bank (BDCB) noted in its second policy statement for 2022 published yesterday, that the International Monetary Fund (IMF) maintained its global economic growth forecast for 2022 at 3.2 per cent, and the growth forecast was slightly decreased from 2.9 per cent to 2.7 per cent in 2023. The basis of the revised […]
Read MoreJAKARTA, Dec 15 (Reuters) – Indonesia’s parliament on Thursday voted to approve financial legislation that widens the central bank’s mandate to include supporting sustainable economic growth and formalise its debt monetisation operations. Called the “Development and Strengthening of Financial Sector” bill, the new rules are also seen opening the door for ex-politicians to head Bank […]
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Thailand
