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A prime ministerial advisory body has said the state budget is overly dependent on crude oil, an unsustainable income source. The National Financial Supervisory Commission (NFSC) recently said crude oil is not a sustainable income source, both in the short…
Vietnam’s GDP per capita is set to increase this year, but its 2020 target of $3,200-3,500 looks distant. Minister of Planning and Investment Nguyen Chi Dung said at a National Assembly meeting Monday that if Vietnam’s GDP increases by 6.7 percent this year,…
Malaysia’s economic growth is expected to ease to 4.9% in 2018, as export growth slows and lower public investment following the cancellation of major infrastructure projects, said World Bank chief economist for the East Asia and Pacific region Sudhir Shetty.…
Vietnam’s GDP grew by 6.98 percent between January and September, the highest nine-month growth rate since 2011. Data released by the General Statistics Office (GSO) Friday showed growth in the third quarter was 6.88 percent year-on-year. In the year-to-date…
Malaysia’s economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed. The median of forecasts from 14 economists is for annual growth of 5.2% in April-June. That would be a dip from January-March’s 5.4% and make the latest…
Vietnam’s GDP could drop slightly as a result of the ongoing US-China trade war, a new report says. The report, released Wednesday by the National Center for Socio-Economic Information and Forecast (NCIF), predicts a drop of 0.03 percent this year, 0.09…
Vietnam’s decade high growth in the first quarter is forecast to slow during the rest of the year, a parliamentary meeting heard on Monday. The country’s gross domestic product (GDP) grew 7.38 percent in the first three months thanks to strong performance in…
China’s economy will likely expand around 6.7 per cent in the second quarter this year, the State Information Center (SIC) said in an article in the state-owned China Securities Journal on Saturday. The forecast was slightly slower than the 6.8 per cent…
Indonesia’s full-year gross domestic product growth last year accelerated at the fasted pace in four years, as robust exports and investment growth compensate for weak household consumption, the Central Statistics Agency, or BPS, revealed on Monday (05/02).…
China’s GDP growth for 2017 may stay at 6.9 per cent, thanks to favourable internal and external conditions. China’s GDP growth for 2017 may stay at 6.9 per cent, thanks to favourable internal and external conditions despite the cool-off in the real estate…
Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing. Highlights of GDP Report Gross domestic product rose at a seasonally adjusted,…
Mobile technologies and services generated 6.2% of the GDP of Bangladesh in 2015, a contribution that amounted to around $13 billion of economic value, according to GSMA Intelligence. In the same year, mobile operators and the ecosystem provided employment to…
China’s leadership has always seen gross domestic product (GDP) numbers as the most important indicator of their ability of govern; thus their whole apparatus does whatever it can, in terms of policies, to make sure a politically acceptable growth rate is…
The seasonally adjusted reading, down from a 0.8 percent gain in the second quarter, compared with a median 0.6 percent rise tipped in a Reuters survey. It also showed that facility investments fell 0.1 percent on-quarter in the July-September period,…
It contributes $14.4b to the city-state’s GDP. The food industry has done more than relieving hunger as it has also made huge impact in the overall economic growth of Singapore, contributing a bulk to the city-state’s GDP. According to the Food Industry Asia…
The Philippines has surpassed China in terms of GDP growth, for the first time in three decades, making the country the best performer in Asia* in Q1 2016. From 5 per cent in Q1 2015, Philippine GDP surged by 6.9 per cent in Q1 2016, the highest since the…
