Malaysia’s unemployment rate stands at 3.5% in March on May 13, 2023Malaysia has recorded a lower number of unemployed in March at 588,700 persons, registering an unemployment rate of 3.5 percent, official data showed Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that an optimistic economic position in March has allowed the country’s labor market to continue to develop steadily. “An improving labor […]
China maintains stable grain production on May 13, 2023China has maintained steady development in terms of its grain production, said Cong Liang, head of the National Food and Strategic Reserves Administration, at a press conference. The country’s staple food self-sufficiency rate is above 100 percent, Cong said at the press conference hosted by the State Council Information Office, adding that cereal self-sufficiency rate […]
Inbound tourism, local demand fuel Hong Kong’s Q1 economic rebound on May 13, 2023The Hong Kong economy improved visibly in the first quarter of 2023, led by the strong recovery of inbound tourism and local demand, official data showed Friday. Real gross domestic product (GDP) resumed year-on-year growth of 2.7 percent and surged by 5.3 percent on a seasonally adjusted quarter-to-quarter comparison, according to the first quarter economic […]
Malaysia’s unemployment rate stands at 3.5% in March on May 12, 2023Malaysia has recorded a lower number of unemployed in March at 588,700 persons, registering an unemployment rate of 3.5 percent, official data showed Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that an optimistic economic position in March has allowed the country’s labor market to continue to develop steadily. “An improving labor […]
China maintains stable grain production: official on May 12, 2023China has maintained steady development in terms of its grain production, said Cong Liang, head of the National Food and Strategic Reserves Administration, at a press conference Thursday. The country’s staple food self-sufficiency rate is above 100 percent, Cong said at the press conference hosted by the State Council Information Office, adding that cereal self-sufficiency […]
Türkiye’s industrial output rebounds in March on May 11, 2023Türkiye’s industrial output surged on a monthly basis in March, the country’s statistical authority revealed on Wednesday. Industrial production rose 5.5% month-on-month in March following an 8.2% decline in February when twin powerful earthquakes hit 11 provinces and affected around 14 million people in the country, the Turkish Statistical Institute (TurkStat) data showed. The manufacturing […]
Australian household spending rises 8.2% in March on May 10, 2023The Australian Bureau of Statistics (ABS) revealed on Tuesday that the country’s household spending rose 8.2 percent in March compared to the same period last year. According to the latest figures released by the ABS, while non-discretionary spending increased by 13.9 percent, the growth of discretionary goods and services slowed to 2.2 percent. “Hotels, cafes, […]
New Zealand gov’t books still resilient as revenue growth slows: minister on May 10, 2023Moderation in economic activity is being reflected in the government’s books, while New Zealand is facing challenges ahead, including the cost of living, the impact of recent extreme weather and the uncertain global economy, Finance Minister Grant Robertson said on Tuesday. For the nine months to the end of March, core Crown tax revenue was […]
Fiji continues growth in digitally delivered services since 2005 on May 10, 2023The digitally delivered services in Fiji have increased fourfold since 2005, rising 8.1 percent each year from 2005 to 2022, outpacing goods and other service exports. The World Trade Organization (WTO) said on Tuesday that this is an industry that small economies can invest in to be part of the growth momentum in the Southeast […]
Over $10bn of investment signed at central China RCEP expo on May 9, 2023A total of 113 projects with a combined investment of about 75 billion yuan (10.84 billion U.S. dollars) were signed during a Regional Comprehensive Economic Partnership (RCEP) economic and trade expo held in central China’s Hunan Province. The event that kicked off on May 4 in the province’s Huaihua City has served as a new […]