Philippine president says economy grew 7.6% in Q3
Analysts polled by Reuters had expected gross domestic product to grow 6.3 per cent on an annual basis, below the previous quarter’s upwardly revised 7.5 per cent growth.
Big Picture
Thai govt revenue in FY2022 exceeds target as economy rebounds
Revenues contributed by state enterprises in fiscal year 2022 also exceeded the target by 0.6 per cent or 858 billion baht, with 143 billion baht collected.
Tourist dollars drive surge in Thai gold consumption
“This is the longest streak of consumer demand growth in Thailand”, World Gold Council’s regional CEO said.
Markets on tenterhooks after rate hike and with US inflation numbers looming
Going forward, market expectations are for another 50 basis-point hike by the Fed in December.
China to build more innovative, reliable supply chains: Official
Vice-minister of China's top industry regulator Zhang Yunming also said enterprises have given full play to their advantages to help the world fight against the pandemic.
Officials call for traditional Chinese medicine modernisation, innovation
China has also set up the world's first TCM evidence-based medical center, 40 TCM clinical research bases, and two national-level TCM clinical research centers.
Thailand targets a juicy THB200 billion worth of fruit exports next year
A Department of Agriculture spokesman said that Thailand expects China to import up to 2.39 million tonnes of fruit worth 159 billion baht in 2023.
Singapore ranked second globally for best talent, only Asian nation in top 20
Singapore has clinched second place every year since the index’s first edition in 2013, except in 2020, when it slipped one spot.
More policy support set for real economy
Experts said stepped-up monetary support to boost investment is expected to buffer the downside risks of real estate weakness, among others.
Philippines rushes to avert EU ban on seafarers
Around 50,000 Filipino seafarers are at risk of losing their jobs due to the country’s repeated failure to pass the European Maritime Safety Agency’s evaluation.