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Singapore to pump $9.2B in Indonesia projects

Singapore will be investing $9.2 billion to support green investment and build a logistics port hub in Indonesia, President Joko “Jokowi” Widodo said on January 25. The money, he said, will fund renewable energy projects in Batam, Riau Islands province, and in Sumba island and West Manggarai in East Nusa Tenggara province, as well as […]

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Philippines: GDP revisions trim growth to 6.9% in Q3

MANILA, Philippines — Revisions in gross domestic product (GDP) data in the third quarter of 2021 brought down the economy’s growth rate to 6.9 percent, the Philippine Statistics Authority (PSA) reported yesterday. GDP adjustments are regularly done as a consideration to the late release or updates of some pertinent data. It is also consistent with […]

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Cambodia: Digital transformation is driving economic change

The government is promoting the digital economy as a new source of economic growth through increased productivity and economic efficiency. With the key role of digital technology in the banking and finance sector, the Association of Banks in Cambodia (ABC) organised its first 2022 Digital Forum on Cambodia Digital Economy and Society Policy Framework 2021-2035 […]

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Philippines: Agriculture sector dips 1.7% in 2021

MANILA, Philippines — The country’s agriculture sector fell by 1.7 percent in 2021, mainly driven by declines in the livestock sector. Data from the Philippine Statistics Authority (PSA) showed that the value of production in local agriculture inched up to P495.5 billion in the last quarter of 2021 rom P492.8 billion in the same period […]

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