Malaysian economy slows in 1st quarter
Malaysia’s economy grew a solid but slower than expected 4.1 percent in the first quarter as weak manufacturing and mining dragged on overall performance, according to data announced Wednesday.
Malaysia’s economy grew a solid but slower than expected 4.1 percent in the first quarter as weak manufacturing and mining dragged on overall performance, according to data announced Wednesday.
France entered a recession in the first quarter this year with gross domestic product contracting 0.2 percent, after shrinking the same amount in the last quarter of 2012, the official INSEE statistics office said Wednesday.
Asian stock markets were muted Tuesday as cheer over the better-than-expected U.S. jobs report faded.
Indonesia’s economy expanded by 6.02 percent in the first quarter, official data showed Monday, the slowest pace in more than two years as exports fell due to the weak global economy.
How important to the local property industry are “report cards” from foreign investors? Apparently, they can spell the difference between progress and stagnation.
The IMF painted a mixed picture for Asia’s top economies on Tuesday, trimming its Chinese growth forecasts but predicting Japan’s fiscal stimulus will help end years of stagnation and Indian growth will accelerate.
The Philippine economy managed to beat most expectations by growing at an exceptional rate last year, but it is now poised to expand by an even faster pace in 2013, the Bangko Sentral ng Pilipinas said. The BSP’s forecast is anchored on assumptions that the increase in private sector investments will be sustained and [...]
Metro Manila this year is expected to boost its residential and office inventory at a faster pace than most other Asian cities as demand is seen to remain strong on the back of a growing economy, property consultant Jones Lang LaSalle (JLL) said.
Laguna-based based semiconductor manufacturer Cirtek Holdings Philippines Corp. sees first quarter net profit and sales revenues rising by 10 percent year-on-year just on the strength of its existing business portfolio.
Tourism growth, led by a better-than-expected increase in domestic travel, is set to contribute more to overall economic expansion this year, Tourism Secretary Ramon Jimenez Jr. said at the Philippine Economic Briefing on Wednesday.
Goldman Sachs expects the Philippine economy to move to a higher growth trend while the peso will continue to gain strength.
The Philippine domestic economy will likely grow by at least 6.5 percent in the fourth quarter, sustaining the pace of expansion in the first nine months, on the back of accelerated infrastructure spending ahead of next year’s elections.
