High inflation pressures in many Asian countries including Laos are driving central banks to tighten monetary policy more quickly than expected, according to a new report by the Asian Development Bank (ADB). The Asian Economic Integration Report 2023 stated that tightening monetary policies to contain inflationary pressures in many advanced economies are affecting external demand […]
Read MoreThe demand for natural gas, a key fuel in the energy transition period to achieve carbon neutrality, will more than double in the Asean region to 350 billion cubic metres by 2050, according to a recent workshop, organised jointly by Economic Research Institute for ASEAN and East Asia (ERIA) and Gas Exporting Country Forum (GECF) […]
Read MoreThe Asia-Pacific region’s economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit. A new report by the Apec Policy Support Unit (PSU) indicated the region’s GDP growth will pick up shortly […]
Read MoreHONG KONG: Asia’s manufacturing activity shows signs of revival as China’s reopening has provided a lift to the sluggish global economy, although the tailwinds aren’t enough to pull major exporters like Taiwan and Japan out of their slump. The latest round of factory data added to uncertainty as the global economy braces for a downturn, […]
Read MoreJAKARTA – Asia’s central banks may need to raise interest rates further if core inflation does not show clear signs of returning to target, according to the International Monetary Fund (IMF). Policymakers must “stay alert” despite a slowdown in headline inflation as the core gauge – which strips out transitory and volatile items – still runs […]
Read MoreCanadian travel magazine The Travel has listed Ho Chi Minh City among top 10 Asian cities that can be considered a dream for every street food lover. The magazine stated that the continent is one of the best places to be for those who like to eat. However, for those craving street food, Asia is a […]
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