Malaysia's economy is expected to grow at a faster rate during the second half of this year, subsequent to the reasonable performance during the first quarter of the year. As reported by Bernama, the Maybank President and Chief Executive Officer Datuk Seri Abdul Wahid Omar stated that economic growth during the period is likely to depend on elimination of the political uncertainty and the government's strong economic policy.
The economy accelerated 4.1% y/y during the first quarter of the year, as compared to the growth of 6.5% y/y posted during the fourth quarter of last year. The new government’s economic plans are expected to be the country's economic driver.
The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more
Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more
Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more