President Marcos urges diplomatic community to back Philippine growth plan
The president said post-Covid realities demand recalibrating strategies and focusing on urgent concerns that would really matter to the people.
economy
Conflict over battery-plant incentive ‘threatens’ Thailand’s EV competitiveness
A measure to support production of electric vehicle batteries has been delayed by a conflict between the finance and industry ministries.
Year of the Rabbit starts off with record box-office receipts
Selling a total of 129 million tickets, the holiday grossed an overall $1 billion, up 11.89 percent year-on-year, according to reports.
Agribusiness shift a priority for farming sector: CPP
Reportedly, a large portion of the budget would be used to increase salaries and social protection, and to guarantee farmers’ prices at harvest.
Alarm raised over 3-year, continuing decline in harvests, fish catch
The decline in agri-fisheries output last year marked the third straight year of contraction, following the -1.7 percent and -1.2 percent in 2021 and 2020.
Intl investment banks, financial institutions upgrade 2023 growth outlook for China
Goldman Sachs Group Inc is now projecting the economy will expand 5.5 percent this year, up from 5.2 percent previously, Bloomberg reported.
South Korea’s pension fund, under pressure, hunts for gains in foreign stocks
The world's third-largest retirement fund banks on large-cap tech shares and foreign markets in a bid to stave off fund exhaustion.
IMF approves $4.5 billion loan for Bangladesh
This would be Bangladesh's 13th loan from the lender, with the previous package taken in 2012.
Indonesia boosts annual coal mining target to 695 million tonnes
The country plans to export more than 74 percent of the coal it mines this year, which the ministry said would mean record shipments.
In land of Hyundai-Kia, smaller carmakers struggle for survival
SsangYong, Renault, GM fight to defend 10% market share, while South Korea still remains as a ‘test bed’ for global carmakers, experts say.