US companies are scheduled to announce opportunities worth more than US$ 1 billion in the Philippines, according to US Commerce Secretary Gina Raimondo during a Monday ( Mar 11 ) official visit there. According to her, the opportunities would be in sectors like renewable energy, energy vehicles, and digitalization. RaimondoContinue Reading
TOKYO: Japan’s economy expanded at an annualised clip of 0.4 per cent in October-December from the previous quarter, better than the initial estimate for a 0.4 per cent contraction, government data showed on Monday (Mar 11). The revised figure for gross domestic product (GDP) released by the Cabinet Office comparedContinue Reading
In February this year, CPI rose 1.0 per cent month-on-month, outpacing the 0.3 per cent uptick in January and the 0.7 per cent growth forecast by economists. But the producer price index (PPI) fell 2.7 per cent from a year earlier in February versus a 2.5 per cent drop theContinue Reading
One of the largest wheel manufacturers in the world, Goodyear Tire &, Rubber Co, plans to shut down its plant in Malaysia on June 30 this decision is expected to affect more than 500 people, according to the business and Malaysia’s purchase advertising firm. The plant’s closure in the ShahContinue Reading
Bangkok’s chief of staff, the prime minister’s office, stated on Monday ( Mar 4 ) that Thailand’s economy is in a” critical situation,” stressing the need for stimulus measures to address household debt, boost tourism, and draw in foreign investment. Statistics indicate that we are not in good shape, accordingContinue Reading
India revised its growth estimate for the current fiscal year, which ends on Mar 31, to 7.6 per cent from 7.3 per cent. Such a strong showing in the last major economic data release before elections in May could bolster Modi’s chances after he made high economic growth one ofContinue Reading
HONG KONG: Hong Kong’s property market immediately celebrated the removal of decade-long curbs with a jump in transactions, property agents said on Thursday (Feb 29), as authorities made a concerted bid to boost the city’s depressed real estate market. Hong Kong, long among the world’s most expensive housing markets, sawContinue Reading
KUALA LUMPUR: Malaysia’s finance ministry on Thursday (Feb 29) dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit’s value to appreciate this year. The ringgit has fallen about 3.7 per cent this year so far and briefly hit a 26-year lowContinue Reading
JAKARTA: Indonesia has allocated an additional rice import quota of 1.6 million metric tons for 2024, after shipping in near record volumes in last year, as dryness linked to the El Nino weather pattern delayed harvest at home. The latest import quota, which is on top of 2 million tonsContinue Reading
Chinese technology company Honor on Sunday (Feb 25) globally launched its new Magic 6 Pro smartphone and showcased an experimental eye-tracking AI function that enables users to remotely open and move their car just by looking at their phone screen. The tool is already available in China and the companyContinue Reading