World Bank cuts 2023 world growth forecast in ‘sharp, long-lasting slowdown’
The World Bank’s latest forecast points to a “sharp, long-lasting slowdown” with growth pegged at roughly half the pace it predicted in June.
Big Picture
UBS expects Chinese market to deliver more growth
The consumption recovery in the Chinese market will drive companies' earnings rise, while a recession in developed economies will affect earnings growth in overseas markets in…
Hong Kong moots promotion exercise in Feb to lure visitors, businesses: John Lee
He also noted that 17 per cent of the daily quota of 60,000 Hong Kong allowed to travel to the mainland in the next eight weeks have been booked.
Cashew exports for 2022 drop 35% as farmers report losses
Cashew nut Association of Cambodia president Uon Silot said that problems of extreme climate change and the rising prices of fertilisers, pesticides and fuels have made cashew…
China’s semiconductor industry to overcome challenges
As the world's largest chip market, the Chinese mainland accounts more than half the world's semiconductors, which are then assembled into tech products.
Investment boom in Indonesia’s data centers to continue in 2023
Massive population potential, a low level of public access to digital services, a growing digital economy and digital transformation in government were among the mainsprings of…
Hyundai, Kia US sales fall 1 % amid chip shortage in 2022
Hyundai and Kia sold a total of 1.47 million vehicles in the world's most important automobile market last year, down from 1.49 million units the previous year.
Cambodia’s agriculture minister unveils plans for ‘luxury’ produce
According to the agriculture ministry, from January-October 2022, agriculture produce exports to international markets accounted for more than US$3.06 billion.
S’pore’s Q1 hiring outlook dims, but firms prepared to pay more to attract workers: Survey
A hiring boom is anticipated in finance and real estate, which posted the strongest outlook among all sectors polled in Singapore.
Robots give diners a taste of the future
Across the world, robot "chefs" are set to take over cooking in restaurants and technology advances are taking them a step further.