BENGALURU, Feb 3 (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global recession could accelerate the slowdown this year, a Reuters poll found. Southeast Asia’s largest economy exported a record $292 billion in 2022, driven by high global commodity prices […]
Read MoreKUALA LUMPUR, Feb 3 — The World Bank’s lead economist Apurja Sanghi today said that Malaysia is late in enacting a Fiscal Responsibility Act (FRA) to manage its debts and deficits. Having an FRA in place would help rebuild the country’s fiscal buffers, he told reporters here at a press conference of the World Bank’s […]
Read MoreThe Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is LAK 1,200,000, which was raised from LAK 1,000,000 in August of 2022. At that time the government claimed it would raise the minimum wage again to Lak 1,300,000 in May of 2023. […]
Read MoreInfrastructure, including a new expressway, along with urbanisation driven by mass transit expansion and market competition pushed Bangkok land prices up by as much as 75% in recent years. Saenphin Sukhee, chief executive of residential developer Frasers Property Home (Thailand), said land prices in Bangkok continued to grow despite the pandemic with an average increase of 70-75% […]
Read MoreMANILA, Philippines — The country’s outstanding debt soared to P13.42 trillion in end-2022, with its share to the overall economy easing to 60.9 percent following a strong performance last year. However, 2023 is expected to be a true test of growth momentum for the Philippines amid global headwinds. Latest data from the Bureau of the […]
Read MoreCambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the exit, challenges and the loss of trade preference schemes have been made. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, requested the Ministry of Commerce to strengthen the government’s readiness to exit […]
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Thailand
