ADB Sees 6.5 Percent Growth For Philippines In 2022

MANILA, Sept 21 (NNN-PNA) – A strong rebound in domestic demand, with the easing of COVID-19 pandemic mobility restrictions in the Philippines, will support 6.5 percent growth for the country’s economy in 2022, despite higher inflation, due to global and local price pressures, according to an updated Asian Development Bank…

Malaysia’s Top Glove Slipped Into Red In 4Q

KUALA LUMPUR, Sept 21 (NNN-BERNAMA) – Top Glove, the world’s largest rubber glove maker, based in Malaysia, announced yesterday that, the firm slipped into the red in the fourth quarter ending Aug 31, 2022 (4QFY22), dragged by lower glove average selling prices (ASPs) and escalating costs. The group posted a…

Australia’s Treasurer Announced Budget Improvement, But Deficit Remained High

CANBERRA, Sept 21 (NNN-XINHUA) – Australia’s budget deficit has improved by tens of billions of dollars, according to Treasurer, Jim Chalmers, yesterday. Chalmers said, the budget deficit for the financial year 2021-22 has come in 50 billion Australian dollars (33.5 billion U.S. dollars) lower than projected by the government in…

Malaysia’s palm products export for January-June 2022 reaches US$15.6 bln

MIRI (Malaysia), Sept 20 (NNN-Bernama) — Malaysia’s palm products export revenue increased significantly for the first six months of this year, totalling 14.05 million tonnes with a value of RM71.02 billion (US$15.6 billion) recorded during the period. Deputy Minister of Plantation Industries and Commodities Willie Mongin said in the same period…

Malaysia remains a destination for property investment for Chinese investors — Juwai IQI

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Malaysia remains a destination for real estate investment for Chinese investors as the slowdown in the republic’s property market is leading to an increase in Chinese investment in overseas properties, especially in Southeast Asia. Juwai IQI said in a report that many Chinese buyers believe…

Lebanese Pound Sank To New Low At 39,000 Against USD

BEIRUT, Sept 20 (NNN-NNA) – The Lebanese pound, yesterday, sank to a new historic low against the U.S. dollar, on the parallel market, as the country continues to suffer from a steep financial crisis and political deadlock. The exchange rate of the Lebanese pound declined to 39,000 against the dollar,…

S.Korea’s Foreign Currency Deposit Fell In Aug

SEOUL, Sept 20 (NNN-YONHAP) – South Korea’s foreign currency deposit, fell last month, as companies withdrew the U.S. dollar fund for import costs, central bank data showed, today. Deposit, denominated in foreign currencies, totaled 88.27 billion dollars at the end of Aug, down 2.11 billion dollars from a month earlier,…

China, Pakistan To Carry Forward All-Weather Friendship: Chinese FM

NEW YORK, Sept 20 (NNN-XINHUA) – China and Pakistan will maintain close high-level exchanges and carry forward their unbreakable all-weather friendship, Chinese State Councillor and Foreign Minister, Wang Yi, said here, yesterday. In a meeting with Pakistani Foreign Minister, Bilawal Bhutto Zardari, Wang said, Chinese President, Xi Jinping, met with…

Malaysia’s exports jump 48 pct to RM141 bln in August

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Malaysia’s trade remained sturdy in August 2022 with exports jumping 48.2 per cent to RM141.33 billion (RM1 = US$0.22), the 13th successive month of double-digit growth, the Ministry of International Trade and Industry (MITI) said. The trade surplus stood at RM16.92 billion as imports surged 67.6…

India’s OTT streaming service Aha enters Malaysia

KUALA LUMPUR, Sept 20 (NNN-Bernama) — ‘Aha’, an Indian subscription video on-demand and over-the-top (OTT) streaming service offering both Telugu and Tamil language content, is now available in Malaysia. The streaming platform, which was introduced to the Indian market in 2020, will be the first Indian OTT entity committed to…
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