Thai cabinet extends diesel excise cut for four more months to control cost of living
Combined with revenue loss in the latest round, the government would lose about 140 billion to 150 billion baht in diesel excise revenue.
Economy
Marcos admin expects Philippines to grow by 6.5% in 2023
Finance Secretary Benjamin Diokno also estimated that GDP growth in 2022 likely exceeded the government’s growth target of 6.5 to 7.5 percent.
Davos 2023: China’s growth will return to normal trend this year, says Vice-Premier Liu He
The focus will be on expanding domestic demand, supporting the private sector, promoting fair competition and deepening reforms of its state-owned enterprises.
EU must seek to de-risk rather than decouple from China, says von der Leyen
European Commission president Ursula von der Leyen also said the EU will prepare a law to make life easier for its green industry, and back it up with state aid.
Online shopping here to stay, post-PPKM: Market report
While the technology sector had a difficult overall year in 2022, e-commerce players remained optimistic about this year, the report reflected.
Marcos Jr.’s trip to WEF vital in boosting PH economy: Economist
He explained that this is an opportunity for Marcos to showcase the potential of the Philippine economy and attract investments back home.
Job growth in South Asia may halve this year: ILO
"Inequality both between and within countries is growing and the recovery from the pandemic has been deeply uneven", said the report.
US main contributor to Indonesia’s biggest-ever trade surplus
They accounted for the largest chunk of the trade surplus in 2022, as it imported $16.59 billion more from Indonesia than it exported to the archipelago.
Marcos to drum up global investor interest in Philippines at Davos meet
During his string of overseas trips, the President said he usually talks about the Philippines and “what the situation is as an investment destination.”
Singapore inflation expectations ease from 11-year high on slowing growth, interest rates hikes
The decrease in inflation expectation coincides with global food commodity and energy prices coming off the peaks reached last year.