MANILA, Philippines — Investment commitments from foreign firms registered with investment promotion agencies (IPAs) rose by 30 percent year-on-year in the fourth quarter, leading to a 26 percent growth in the full-year 2022 tally amid the reopening of the economy. Data released by the Philippine Statistics Authority (PSA) showed a total of P241.89 billion worth […]
Read MoreKUALA LUMPUR: Malaysia’s gross output expanded by RM307.6 billion or 10.6 per cent to RM3.21 trillion in 2021 from RM2.90 trillion in 2020, said the Department of Statistics Malaysia (DOSM). In its Annual Economic Statistic 2021, DOSM said the manufacturing sector remains a primary contributor with a 50.1 per cent share, or RM1.61 trillion, of […]
Read MoreThailand’s smartphone market is expected to rebound in the second half, supported by strong demand in the premium segment that is less affected by economic woes, say industry pundits. Bundled packages with instalment payments stretching up to 60 months are expected to improve purchasing sentiment. South Korean electronics giant Samsung recently launched its new Galaxy […]
Read MoreMANILA, Philippines — Bank of the Philippine Islands (BPI) sees a slower economic growth this year with the gross domestic product (GDP) expansion slowing to five to six percent from 7.6 percent last year. BPI Global Markets economist Rafael Alfonso Manalili said that policymakers must look at diversifying the economy’s growth drivers to provide a […]
Read MoreJAKARTA, Feb 16 (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes and stressing that the current level should be sufficient to guide inflation back to target, while also revising up its economic growth outlook. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate (IDCBRR=ECI) at 5.75%, […]
Read MoreMyanmar exported 85,585 tonnes of corn in January, earning more than US$25.7 million, the Myanmar Corn Industrial Association (MCIA) said on Tuesday (Feb 14) The country exported corn to China, Thailand, Vietnam, the Philippines, Bangladesh, Brunei, India and Nepal, it said. Myanmar shipped 77,620 tonnes of corn via sea routes, while the rest through land […]
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