Gross domestic product (GDP) for 2022 is now expected to end up being 3. 76 percent higher than last year, the particular Directorate General associated with Budget, Accounting plus Statistics said, studying down the 3. 91 per cent forecast this issued in May. The outlook is far sluggish than theContinue Reading
SHENZHEN, China: Huawei Technologies said upon Friday (Aug 12) its first-half net profit more than halved as a difficult economic climate curtailed demand from customers, compounding woes brought by U. T. technology restrictions. Revenue dropped 5. 9 percent year-on-year during the time period to 301. 6 billion yuan (US$44. 73Continue Reading
Waluyo said BI will work with the authorities to address supply issues that had pressured customer prices, adding: “We will not let heading inflation go up”. He also repeated that BI will only increase rates when it sees a persistent rise in core inflation. BI is one of very fewContinue Reading
HONG KONG: China’s real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making investors cautious. Already battered share prices have fallen a further 7 per cent this month as investors have reactedContinue Reading
Hong Kong’s Cathay Pacific Airways Ltd said strict surroundings crew quarantine rules were crimping the ability to take advantage of rising travel demand, even while it narrowed its first-half loss to HK$5 billion (US$636. 98 million). The carrier is falling far behind traditional rival Singapore Airlines Ltd (SIA) in repairingContinue Reading
TAIPEI: Taiwan’s exports rose in July on sustained demand for technology products with shipments to China picking up, and while the government said the outlook was good for semiconductors it warned of growing uncertainly for the global economy. Exports rose 14.2 per cent in July from a year earlier toContinue Reading
JAKARTA: US carmaker Tesla has signed contracts worth about US$5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia. Southeast Asia’s biggest economy has been trying to get Tesla to set up a production facility in the country, whichContinue Reading
TOKYO: Western companies are temporarily shutting offices or hanging production as they battle a record wave associated with COVID-19, disrupting companies in a country that has until now weathered the particular pandemic better than most advanced economies. Automakers Toyota Motor Corp plus Daihatsu Motor Company last week halted productionContinue Reading
JAKARTA: Indonesia’s economic growth accelerated in the April to June quarter amid an foreign trade boom driven simply by rising commodity costs, official data showed on Friday (Aug 5), but monetary tightening, rising inflation and a global economic downturn risk threaten the outlook. Second-quarter gross domestic product (GDP) had beenContinue Reading
JAKARTA: ALL OF US payments firm PayPal has registered being an electronic systems operator in Indonesia and its particular customers can now gain access to its services, the organization said on Wednesday (Aug 3). PayPal has been one of several websites that will Indonesia blocked on the weekend because ofContinue Reading