Page 25 - Frederic Neumann News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Reserve Bank of New Zealand raised interest rates by a record 75 basis points on Wednesday.

Despite global headwinds, the Malaysian economy has been an outperformer in the region. After a punchy growth of 8.9% in the second quarter (2Q2022), the economy is likely to have impressed again in 3Q (10%). Thanks to the reopening of borders and withdrawal of pandemic-related restrictions, private consumption has rebounded to be a key pillar of growth. Consumer and business sentiment has been upbeat, and the labour market is recovering at a swift pace. The unemployment rate is now at the lowest level since the pandemic started. Investment growth has also been resilient, with record foreign d...

After reaching its highest nine-month growth in the past 12 years, Vietnam is poised to become Southeast Asia’s fastest growing economy this year. - VnExpress International

As developing countries hit their early growth spurt and wages rise, manufacturers often find themselves unable to compete in export markets with lower-cost producers elsewhere.

British banking giant HSBC said the number of adults holding wealth of at least $250,000 would triple by 2030 amid the deepening pool of local savings providing a measure of resilience against external financial headwinds.