Amid an increase in non-garment shipments despite a declining growth of garment export, the value of Cambodian exports increased by one percent in February 2023 compared with a fall of 23.6 percent recorded in January. This positive growth is due to an uptick in non-garment export despite a declining growth of garment export, according to […]
Read MorePETALING JAYA: The national inflation rate could reach a projected 3.1% to 3.3% this year if the monthly inflation rate remains subdued, says Economy Minister Rafizi Ramli. He said at a press conference in Putrajaya that since December 2022, the country’s inflation rate has reached a more stable level. “About six months from the highest […]
Read MoreThe target for inbound Chinese tourists this year has been upgraded to 6-7 million from 5 million, with more than 250,000 of them scheduled to visit Thailand in April, according to the Tourism Authority of Thailand (TAT). Tanes Petsuwan, TAT deputy governor for Asia and the South Pacific, said the Chinese market has grown every month […]
Read MoreMANILA, Philippines — S&P Global Ratings raised the gross domestic product (GDP) growth forecast for the Philippines to 5.8 percent this year, from its earlier projection of 5.2 percent, to make it the third-fastest growing economy in Asia Pacific. Louis Kuijs, chief economist for Asia Pacific at S&P, said the GDP growth outlook for the […]
Read MoreThe banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. NBC has also been making serious efforts over the past several years to bring […]
Read MorePETALING JAYA: The Producer Price Index (PPI) for local production, which measures the prices of goods at the factory gate, shrank 0.8% year-on-year (y-o-y) in February 2023 against a 1.3% growth in January 2023, due to the base effect and lower prices of primary commodities. The downward trend was mainly due to the decline in […]
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