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Indonesia Q1 GDP beats forecasts on consumer, govt spending

Indonesia Q1 GDP beats forecasts on consumer, govt spending

Indonesia's economic growth held steady in the first quarter, as improving consumption and government spending offset a slowdown in exports and investment in Southeast Asia's largest economy.
China's reopening brightens developing Asia's 2023 growth outlook: ADB

China's reopening brightens developing Asia's 2023 growth outlook: ADB

Developing Asia will grow faster than previously thought this year, underpinned by a stronger-than-projected rebound in China, but risks from global banking turmoil could weigh on the outlook, the Asian Development Bank (ADB) said on Tuesday.
April 3, 2023 | 06:06 pm PT
Central bank to cut deposit interest rate ceiling from Monday

Central bank to cut deposit interest rate ceiling from Monday

The central bank on Friday said it would cut caps on interest rates of dong-denominated deposits from April 3, by 0.5 percentage points to between 0.5% and 6.0% depending on maturities.
March 31, 2023 | 06:29 am PT
World Bank maintains Thailand's 2023 growth outlook at 3.6%

World Bank maintains Thailand's 2023 growth outlook at 3.6%

Thailand's economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China's reopening, the World Bank said on Friday.
March 30, 2023 | 11:05 pm PT
Disillusioned at home, super-rich Chinese set their sights on Singapore

Disillusioned at home, super-rich Chinese set their sights on Singapore

Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family's wealth.
January 30, 2023 | 04:42 pm PT
South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korea's economy contracted in the final quarter of 2022 for the first time in 2-1/2 years, as a post-pandemic spending spree faded and global trade tumbled, central bank estimates showed on Thursday.
January 25, 2023 | 05:21 pm PT
Public spending, FDI, tourism to drive economic growth in 2023: analysts

Public spending, FDI, tourism to drive economic growth in 2023: analysts

Public investment, foreign investment and tourism will be drivers of Vietnam’s economic growth this year, according to HSBC and VnDirect Securities Corp.
January 8, 2023 | 03:00 pm PT
Hanoi anticipates lower economic growth in 2023

Hanoi anticipates lower economic growth in 2023

Hanoi authorities have targeted GRDP (gross regional domestic product) growth of 7% next year, down from an expected 8.8% this year amid many difficulties.
December 12, 2022 | 03:00 pm PT
China Q3 GDP growth rebounds at faster pace but risks loom

China Q3 GDP growth rebounds at faster pace but risks loom

China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.
October 23, 2022 | 09:52 pm PT
Australia to cut economic growth forecasts on lower consumer spending

Australia to cut economic growth forecasts on lower consumer spending

Australia's economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in Tuesday's budget.
October 23, 2022 | 06:10 pm PT
Vietnam's growth pegged at 8%: PM

Vietnam's growth pegged at 8%: PM

Vietnam’s GDP growth is forecast to reach 8% this year, exceeding the National Assembly’s target of 6-6.5%, Prime Minister Pham Minh Chinh said told legislators on Thursday.
October 20, 2022 | 02:11 am PT
Vietnam economy seen growing 8% in 2022, beating official target

Vietnam economy seen growing 8% in 2022, beating official target

Vietnam's economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday.
October 11, 2022 | 06:33 pm PT
Vietnam to post highest GDP growth in Southeast Asia this year

Vietnam to post highest GDP growth in Southeast Asia this year

After reaching its highest nine-month growth in the past 12 years, Vietnam is poised to become Southeast Asia’s fastest growing economy this year.
September 30, 2022 | 11:00 pm PT
You can't eat money: the cost of unlimited growth

You can't eat money: the cost of unlimited growth

In a 1972 book chapter entitled "Conversations with North American Indians," Alanis Obomsawin said something that applies to every country that has embraced the neoliberal economic order with open arms.
September 7, 2022 | 04:41 pm PT
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