Singapore’s economic growth weakened sharply towards the end of the year as the manufacturing sector slid into contraction mainly due to falls in electronics and biomedical production. Gross domestic product grew only 2.2 percent on a yearly basis in the fourth quarter, moderating from the 4.2 percent expansion in the preceding period, figures from the Ministry of Trade and Industry […]

China’s manufacturing and services sectors weakened the most since early 2020 despite the abrupt abandonment of zero Covid policy in December amid public resistance, as the number of infections rise that prompted several countries to raise alerts and, bring back testing and protective measures. The official manufacturing Purchasing Managers’ Index declined to 47.0 in December from 48.0 in the previous […]

Japanese retail sales continued to increase in November as the travel subsidy program initiated to stimulate the tourism sector boosted consumer spending and unemployment rate was the lowest in three months, official data revealed. Retail sales grew 2.6 percent in November from the same period last year. This was the ninth consecutive rise in sales, the Ministry of Economy, Trade […]

Indonesia’s central bank decided to raise its key interest rate for the fifth policy session at its December meeting, though at a slower pace than in the previous months, as inflation came off slightly from highs due to a modest easing in energy prices and the pace of economic growth is forecast to slow next year in the backdrop of […]

Turkey’s central bank left its key interest rates unchanged on Thursday after lowering them sharply over the past four meetings as President Recep Tayyip Erdogan in Ankara raised the monthly minimum wage by nearly 55 percent to support households reeling under the pressure of rising cost of living and sky-rocketing inflation. The Monetary Policy Committee of the Central Bank of […]