PETALING JAYA: Consumer downtrading will continue to be a central theme for the consumer sector in Malaysia this year amid the rising cost of living. This will benefit consumer staples stocks such as those in the food and beverage industries, while discretionary stocks will likely see a mixed performance in 2023. As such, CGS-CIMB Research, […]
Read MoreA string of policies on transferring money from Viet Nam to other countries, a 50-percent fee reduction when registering for permanent residence Money transfer abroad Circular 20/2022/TT-NHNN, dated on December 30, 2022 on guiding activities of one-way money transfer abroad from Viet Nam and payment and money transfer for other current transactions of institutional residents […]
Read MoreMANILA, Philippines — Local factories opened the year strong, with output soaring to a 7-month high as the economy’s reopening brightened the sector’s prospects. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, grew 53.5 in January from 53.1 in December, S&P […]
Read MoreA total of 10,701 new businesses were registered with the Ministry of Commerce, up 39.4 per cent from 7,677 in 2021. The ministry dissolved 888 businesses last year, marking a 38 per cent increase from 643 in 2021. The ministry also made 6,275 business registration electronically last year. At the opening of the ministry’s annual […]
Read MoreSINGAPORE – The job market ended 2022 with a flourish, with a record 231,700 more workers employed in the course of the year – surpassing the pre-pandemic 2019 numbers by 3 per cent. Jobless rates held steady, and layoffs stayed low despite a spate of job cuts towards the end of the year, the Ministry […]
Read MoreSuper-app Grab reported a 45% surge in foreign users of its ride-hailing service in Thailand between the second and third quarters of last year, reflecting a recovery of tourism in the country. According to its “Travel Insights 2022” report, Thailand was voted among the top three international destinations that users of the app would like […]
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