The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia slightly up thanks to stronger domestic demand and export growth.
Singapore's robust economic rebound will be a key factor for Southeast Asia's growth next year, according to a quarterly survey of economists compiled by the Japan Centre for Economic Research (JCER) and Nikkei.
The Indonesian government plans to prohibit the export of liquified natural gas (LNG) to help supply domestic industries, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has said.
The gross domestic product growth of the Association of Southeast Asian Nations (ASEAN) plus China, Japan and the Republic of Korea (ASEAN+3) is likely to reach 4.6% this year and 4.5% next year, according to the ASEAN+3 Macroeconomic Research Office (AMRO)'s latest report.
The Bank Negara Malaysia (BNM) has recently announced that Malaysia’s gross domestic product (GDP) grew by 8.7% last year, and gave assurance that Malaysia’s economy will not be going into a recession this year.
Many localities across the country are making every effort to promote their tourism potential to international markets while stimulating domestic demand in the coming time, with the aim of capitalising on the travel season at the year's end.
Two drivers of Vietnam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on December 14.
Coal mining enterprises are bullish about their business operations on high coal demand, after positive results in the first quarter of 2022 with many exceeding targets.
Vietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment (FDI) inflows remains stable.
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), exceeded both of its production and financial targets in the first quarter of this year.
Prime Minister Nguyen Xuan Phuc has approved the export of medical face masks and protective clothing, as long as domestic demand, including reserves, is met first.
Indonesia’s economy is predicted to grow by only 2.5 percent this year, the lowest over the last four years and a 50-percent decline compared to 2019's growth rate.
Cement producers in Vietnam are facing a double challenge with domestic demand falling due to a slowdown in the property market and delays in transport infrastructure works and exports declining due to the COVID-19 epidemic.