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% […]
Read MoreMANILA, 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 […]
Read MoreWhile 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 […]
Read MoreHigh interest rates have been hurting businesses’ ability to invest in ramping up production capacity, said industry insiders and economists. HÀ NỘI High interest rates have been hurting the ability of businesses to recover and invest in ramping up production capacity, said industry insiders and economists. Economists called for the central government to take measures […]
Read MoreKUALA 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 […]
Read MoreThe Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement. Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of […]
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Thailand
