by Teuvo Tuomi | Dec 21, 2023 | Malaysia, Economy, News
Malaysia’s economy is expected to improve, with gross domestic product (GDP) growing by 4.5-5.5% in 2024 from an estimated 4% this year, according to RAM Rating Services Bhd (RAM Ratings). The economy is expected to benefit from a potential turnaround in external...
by Teuvo Tuomi | Dec 19, 2023 | Indonesia, Business, Economy
The Indonesian Chamber of Commerce and Industry (Kadin) encourages the government to attract more skilled expatriates to work in the country while not neglecting the local workforce. Tigor M. Siahaan, Kadin’s department head of monetary policy and financial services,...
by Teuvo Tuomi | Dec 17, 2023 | Cambodia, Economy, News
Cambodia stands at the forefront of foreign direct investment (FDI) in Southeast Asia, buoyed by a solid economic recovery. The International Monetary Fund (IMF) projects the country’s growth to reach 6.1% next year, as highlighted in the annual FDI Standouts...
by Teuvo Tuomi | Dec 15, 2023 | Economy, News, Philippines
The Philippines is expected to be the growth leader in Southeast Asia, the Asian Development Bank’s (ADB) update Asian Development Outlook predicts. The country’s growth forecast for 2023 is kept at 5.7%. This makes the Philippines the top performer as the...
by Teuvo Tuomi | Dec 14, 2023 | Economy, Indonesia, News
Indonesia’s trade surplus is expected to narrow in November as exports are slowing. Also, imports will likely witness only marginal growth, a Reuters poll reveals. The poll shows trade surplus of $3.05 billion in November, compared with $3.48 billion in October....
by Teuvo Tuomi | Dec 14, 2023 | Economy, Myanmar, News
According to the World Bank, economic growth for Myanmar for the 2023-24 fiscal year will be 1%. Economic conditions have deteriorated in the past six months, even though some recovery was observed in the first half of 2023, the World Bank says. As macroeconomic...
