China’s real GDP is projected to grow by 5.4 percent in 2023, an International Monetary Fund (IMF) statement said on Tuesday. “The Chinese economy is on track to meet the government’s 2023 growth target, reflecting a strong post-Covid recovery,” said the statement made by the IMF’s First Deputy Managing Director, Gita Gopinath, following a visit […]
Read MoreBANGKOK, Oct 28 (Reuters) – Thailand’s current policy rate is appropriate for the economy, but the central bank is ready to make “adjustments” if needed, the bank’s governor said as he warned of increased global risks and concerns over the Middle East conflict. Sethaput Suthiwartnarueput told reporters on Saturday that Southeast Asia’s second’s largest economy […]
Read MorePHNOM PENH: The Cambodian government has approved the draft budget of 38,829 billion riels (US$9.4 billion) for the government spending in 2024, a decrease from the US$9.64 billion in 2023, reported Xinhua. The approval was made during a weekly Cabinet meeting on Friday, which was chaired by Prime Minister Hun Manet, said a press release […]
Read MorePakistan’s inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau data showed on Monday, as the nation reels from high fuel and energy prices. The country is embarking on a tricky path to economic recovery under a caretaker government after a $3 billion loan programme approved by the International Monetary […]
Read MoreMINSK, 2 October (BelTA) – Gomselmash will supply a batch of grain harvesters to Tajikistan in 2024, the company’s press service told BelTA. The 16th meeting of the Belarus-Tajikistan intergovernmental commission on trade and economic cooperation was held in Dushanbe. The Belarusian delegation led by Agriculture and Food Minister Sergei Bartosh took part in this […]
Read MoreIn an updated report on Monday, the World Bank said that it maintained its economic growth forecast for Cambodia at 5.5 per cent in 2023 and raised it to 6.1 per cent in 2024. The Southeast Asian country’s growth is driven by garment export, tourism, agriculture, and construction and real estate, reports Xinhua news agency. […]
Read MoreBy Low De Wei and Kevin Varley Breaking for lunch during his work as a handyman in Singapore, Zuo Jing Fa usually heads to the nearest food hall in search of a cheap meal. He’s having to look harder these days as inflation hits hawker centers — the open-air food complexes dotting the city and […]
Read MoreTokyo : Japanese households will see their budgets further squeezed by a new wave of price hikes scheduled for October on food and services, while freelancers and those self-employed may have to shoulder higher tax burdens under a new invoice system. The persisting effects of a weaker yen, which inflates the prices of imported raw materials, […]
Read MoreBankrupt Sri Lanka’s economic recovery was “not yet assured”, the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at repairing the island nation’s ruined finances. The Washington-based lender of last resort said Sri Lanka had been unable to meet its revenue targets and ensure growth although it had […]
Read MoreKUALA LUMPUR – Malaysia will increase palm oil exports to China by 500,000 tonnes a year as it faces pressure from new European Union restrictions targeting deforestation, a senior minister told AFP on Monday. The trading bloc introduced new rules this year that ban goods from land that has been deforested. It is a move […]
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