Malaysia can achieve high-income nation status by 2026 if growth continues at 4-5%
"If economic growth from 2023 to 2025 is around four to five per cent, we can reach the status of a high-income nation as early as 2026" the Economy Minister said.
Economic Affairs
Fitch downgrades Pakistan’s rating citing ‘worsening liquidity, policy risks’
Fitch's downgrade reflects a further sharp deterioration in external liquidity along with the decline of foreign exchange reserves to critically low levels.
60 per cent of Japanese firms plan expansion in Vietnam
The highest in Southeast Asia, the matter for Vietnam in the competition with other countries is not only labour cost but also about productivity.
China invests 21.5 trillion yuan in major projects
The release of these projects with huge investment indicates that local governments regard them as the "driver" and "stabiliser" of economic development.
Inflation signals demand, recovery strong in China
The acceleration is attributed to factors such as the Chinese New Year holiday effect and the optimisation of Covid-19 control measures.
ICAO forecasts rapid recovery of air travel in 2023
According to the organisation, total traffic increased by around 70 percent, due mainly to the rapid recovery of most international routes.
Pakistan’s foreign exchange reserves fall below $3 billion
The country is locked in negotiations with the International Monetary Fund to release much-needed money under a stalled bailout programme.
Philippines jobless rate inched up to 4.3% in Dec 2022
In December, there were 2.2 million working-age Filipinos who were available for work and were actively looking for jobs, 43,000 more than the 2.18 million jobseekers in November.
China travellers in January still an eighth of pre-Covid levels: Tourism minister
Laying out a target for 0.8-1.0 million Chinese visitors this year, he noted that the January total came to about 25,000, compared to a pre-2020 monthly average that could…
Cambodia’s EU exports surge by one-quarter, pass $4 billion
According to the General Department of Customs and Excise, Germany was Cambodia’s largest EU trading partner in 2022, accounting for US$1.247 billion.