PETALING JAYA: Malaysia should expect another overnight policy rate (OPR) hike coming ahead for the economic sector due to inflation, says Hong Leong Investment Bank (HLIB) Research. Despite the ongoing banking stress, it is expected that the federal government will deliver another interest rate increase as inflation remains stubbornly high. HLIB Research also foresees that […]
Read MoreTHAILAND’S headline inflation dropped to its lowest in 16 months in April thanks to lower energy and food prices and a high base in 2022, the commerce ministry said on Wednesday (May 3). The headline consumer price index (CPI) rose 2.67 per cent in April from a year earlier, close to a rise of 2.70 […]
Read MoreTHE government’s budget deficit rose to P210.3 billion in March following a double-digit revenue drop, Treasury bureau data showed on Tuesday. Spending also fell, by 2.62 percent, but earnings plunged by nearly 12 percent, leading to a shortfall 12.04 percent higher compared to year-earlier P187.7 billion. Year to date, the budget gap rose to P270.9 […]
Read MoreThe Ministry bumped into difficulties in restructuring the transport market share when investment in roads still prevails. In 2023, the Ministry of Transport set a target of 7 percent growth in freight volume and 8 percent passenger volume. Along with that, the Ministry will continue to restructure the transport market share in the direction of […]
Read MoreThe Thai National Shippers’ Council (TNSC) has downgraded its export growth forecast for Thailand to 0-1% because of negative factors in both the US and Chinese economies, which are still highly uncertain, as well as geopolitical conflicts. However, the group still believes Thailand’s exports are unlikely to contract this year. Chaichan Chareonsuk, chairman of the TNSC, […]
Read MoreCambodia’s textile and apparel (T&A) industry, a key export sector for the country, needs to develop advanced skillsets, both in technical and soft-skill domains, to remain competitive, according to the government’s Industrial Transformation Map for Textile and Apparel Industry 2023-2027. “Since the 1990s, this sector has been continuously transformed into a growth pillar based on […]
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