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Thailand: Climate-driven consumer trends

Almost 99% of the 15,000 global early technology adopters surveyed by Ericsson say they expect to be proactively using internet and connectivity-based solutions by 2030 to personally address the impact of climate change and global warming. The statistic is included in the annual 10 Hot Consumer Trends research report from Ericsson ConsumerLab. This year’s theme […]

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Malaysia: Subdued IPI for 2023

PETALING JAYA: After two years of relatively robust growth, Malaysia’s industrial output (comprising manufacturing, electricity and mining production) is expected to enter a subdued phase in 2023 amid slower global demand and still-high inflation. According to economists’ projections, the industrial production index (IPI) growth could slow to around 3.5% and 3.7% this year from 6.9% […]

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Philippine vehicle production picks up by 10% in 2022

MANILA, Philippines — The Philippines posted a 10 percent increase in motor vehicle production in 2022 but it remains behind the majority of its Southeast Asian neighbors. Based on data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF), 92,223 motor vehicles were assembled in the Philippines last year, higher than the 83,846 […]

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Inflation in Laos Continues to Rise, Reaches 23-Year High

While inflation is projected to fall in 2023, there is no quick fix to the country’s economic troubles. Inflation in Laos continues its alarming upward trend, reaching 40.3 percent year-on-year in January, the government announced this week, the highest figure that the country has reported since 2000. According to a report issued by the Lao Statistics Bureau […]

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Malaysia: Analysts see 2022 GDP growth at 8.2%-8.4%

KUALA LUMPUR (Feb 9): Malaysia’s 2022 gross domestic product (GDP) is forecast to have expanded by 8.4% year-on-year (y-o-y) by CGS-CIMB Research, and 8.2% by Hong Leong Investment Bank (HLIB) Research, following indications for the manufacturing, mining, services and construction sectors. In anticipation of the official fourth-quarter (4Q2022) GDP data release on Friday (Feb 10), CGS-CIMB estimated […]

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