The Asian Development Bank (ADB) said Brunei Darussalam’s economic growth forecast next year is 3.6 per cent, which is unchanged from their earlier projection in April on the assumption that crude oil prices will remain elevated in the medium term. In its latest economic outlook published recently, ADB said the Sultanate’s gross domestic product (GDP) […]
Read MorePETALING JAYA: One could not help but notice that Bank Negara governor repeatedly emphasised in her latest speech – three times to be exact – that the Malaysian economy is no longer in a crisis. Tan Sri Nor Shamsiah Mohd Yunus highlighted that the economic recovery is well underway, although she acknowledged that the future […]
Read MoreThailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool. Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand’s economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign […]
Read MoreRevenues collected by the General Department of Customs and Excise (GDCE) and the General Department of Taxation (GDT) have started taking new twists and turns after the government has entered into multilateral and bilateral free trade and partnership agreements to provide economic benefits to the country, Prime Minister Hun Sen said. Mr Hun Sen said […]
Read MoreVietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the IMF. Specifically, Indonesia’s GDP leads the way in the ASEAN region, reaching approximately US$1.29 billion, followed by Thailand […]
Read MoreTHE country should concentrate on improving the digital payment platforms InstaPay and PESONet before establishing a central bank digital currency (CBDC), a government official said on Monday. During a Senate budget hearing on Monday, Finance Secretary Benjamin Diokno, a former central bank governor, underscored that establishing a CBDC is not yet the right time. “Iyon […]
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