KUALA LUMPUR (BERNAMA) – Malaysia’s automotive manufacturing industry is facing an acute shortage of workers which could derail the national automotive manufacturing (NAM) ecosystem if not resolved immediately. Proton Vendor Association President Dato’ Dr Wan Mohamed bin Wan Embong said the NAM ecosystem might collapse with the loss of more than 500,000 jobs and wiping […]
Read More[MANILA] The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact of Russia’s invasion of Ukraine, warning the region could lose further momentum if conditions worsen. The Washington-based lender said in a report on Tuesday (Apr 5) it expected 2022 growth in the developing East […]
Read MoreLaos posted a USD 48 million trade surplus in February 2022, with exports totaling USD 519 million and imports totaling USD 471 million. According to the most recent data from the Lao Trade Portal website, the total value of trade in February was USD 990 million, Xinhua reports. Laos’ primary exports were gold (in the form of bars), […]
Read MoreThailand’s economy is expected to grow 2.9% this year, down from a prediction of 3.9% seen in December, the World Bank said on Tuesday. Weakening global demand will slow growth in goods exports, while the fallout from the Ukraine-Russia war will weigh on domestic consumption, external demand and tourism, the agency said in a statement. […]
Read MoreNational oil and gas conglomerate PTT Plc expects to sell its coal mining business in Indonesia within the first half of this year as the company plans to focus more on clean energy and mobility. It is the right time for the sale as global coal prices have risen since the end of last year, […]
Read MoreIn Q2 due to high commodity prices MANILA, Philippines — The manufacturing sector in the Philippines and in Southeast Asia may slow down in the second quarter due to surging commodity prices as an effect of the Russia-Ukraine war. In a report, international think tank Pantheon Macroeconomics said that while manufacturing ended the first quarter […]
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