To tackle stubborn inflation MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may raise interest rates by 50 basis points this week as it tries to address the stubbornly elevated inflation that rocketed to a fresh 14-year high of 8.7 percent in January from 8.1 percent in December. In a report, Moody’s Analytics said […]
Read MoreHANOI: Vietnam’s index of industrial production (IIP) fell 14.6% in January from the previous month and 8% from the same period last year, the General Statistics Office (GSO) says. The GSO attributed the IIP reduction to the Lunar New Year (Tet) holiday which fell in January. Due to the Tet holiday, the number of working […]
Read MoreJakarta. Indonesia’s 2022 economic growth is beating most G20 countries, but is still far behind the world’s largest oil exporter Saudi Arabia, according to Chief Economic Minister Airlangga Hartarto. Government data showed that Indonesia’s economy climbed 5.31 percent in 2022. G20 nations such as the UK, the US, and Japan only saw 4.1 percent, 2.1 percent, and […]
Read MoreCambodia’s foreign trade declined by 29 percent in January 2023 compared to the same period in 2022 and recorded $3.4 billion, according to a report by the General Department of Customs and Excise (GDCE) yesterday. Cambodia’s export registered $1.5 billion during the period, a decrease of 14 percent, the report said. The Kingdom’s imports decreased […]
Read MoreThe Commerce Ministry is set to organise as many as 450 activities to stimulate exports this year, focusing mainly on four potential markets: the Middle East, South Asia, China, and Cambodia, Laos, Myanmar and Vietnam (CLMV). The ministry is also keen to tap new markets such as Central Asia and the Nordic countries, said Phusit Ratanakul […]
Read MoreKUALA LUMPUR: Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has reiterated its forecast for Malaysia’s real gross domestic product (GDP) growth to slow to 4.0 per cent in 2023 from 8.7 per cent last year. It said that following the lower year-on-year growth of 7.0 per cent in the fourth quarter of 2022 […]
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Thailand
