China’s GDP expected to grow 5.4% in 2023
Driven by pro-consumption policies and the accelerated release of service consumption, consumption is expected to maintain recovery.
Economic Affairs
IMF-WB team to visit Dhaka to assess bond market
The team will identify challenges, prepare a roadmap for the Local Currency Bond Market development with sequenced reforms.
Vietnam set to become Southeast Asia renewable energy leader: Conference
With its abundant resources and soaring demand for clean energy, Vietnam is poised to become a regional leader in renewable energy, a conference organised by Forbes Vietnam heard.
Thailand’s manufacturing production index slumps 3.14% in May
The average MPI during the first five months of this year came in at 96.36, representing a drop compared to the same period last year.
Korean investors snap up Japanese stocks amid yen weakness
Data showed that Korean investors net purchased $132 million worth of Japanese stocks in the first six months of this year.
Singapore identified as potential market for Cambodian rice
Hun Sen encouraged Cambodian diplomats in foreign nations to fortify trade ties and bolster its economies.
Korea’s economic recovery slower than hoped
Experts are still pinning hopes on China’s reopening and a recovery in the global chip market.
ADB approves $50 million loan for Nepal to strengthen customs, logistics sector
The programme aims at improving customs processes through the introduction of digital technologies, according to the bank.
Commodity downturn to eat into Indonesia’s state revenue: Finance Ministry
Experts have previously warned that lower commodity prices will affect state revenue this year and have urged the government to limit unnecessary spending.
State Bank of Pakistan hikes policy rate by 100 basis points to 22% in emergency meeting
Regarding its move to hike the policy rate, the bank’s Monetary Policy Committee said it viewed the action as “necessary to keep real interest rate firmly in the positive…