MANILA, Philippines — The Philippine economy may underperform this year as local and global headwinds persist, with the expected growth falling way below the government’s target, according to two top analysts. Albay Rep. Joey Salceda said the economy is likely to expand at a slower pace this year from last year, as inflation is expected […]
Read MoreKUALA LUMPUR: Malaysia’s labour market recovery continued as the unemployment rate was maintained at 3.6% in December 2022, according to MIDF Research. It said the unemployment rate for people aged 15 to 24 descended to a new pandemic low of 11.8% but remained higher than the pre-pandemic level of 10.4% in 2019. It said labour […]
Read MoreIn the ongoing economic recovery in Southeast Asia, including Cambodia, post-Covid-19 pandemic, the demand for construction materials like cement is increasing year by year. The government measures to improve and build physical infrastructure are only adding to raising the demand. The demand for cement will continue to grow in the next 10 years, says the […]
Read MoreThe China-Laos-Thailand round-trip train, an extension of the China-Laos Railway, was successfully launched on Tuesday. The new efficient, stable cold chain channel is expected to inject new impetus into trade between China and member states of the Association of Southeast Asian Nations. The train, which runs between Kunming, Yunnan province, and Bangkok, Thailand, consists of […]
Read MoreAccording to the International Trade Centre (ITC), the leading plywood export markets included China ($5.89 billion); Indonesia ($2.51 billion); Russia ($1.9 billion); Brazil ($1.2 billion); and Việt Nam ($1.1 billion). HÀ NỘI — Plywood export value was about US$1.1 billion in 2022, putting Việt Nam in the top five largest plywood export markets in the world, […]
Read MoreMANILA, Philippines — The country’s manufacturing output grew in 2022, albeit at a slower pace than the previous year, as growth eased in some industry divisions, while some posted contractions, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output as […]
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